Business
Barclays pays $200 million in fines for selling Snafu . debt
Barclays PLC has agreed to pay a $200 million fine to settle Securities and Exchange Commission charges stemming from a failed debt sale earlier this year.
Bank of England registered with SEC to sell up to $20.8 billion in securities but instead sold about $38.5 billion. This sale involves the sale of structured notes or debt instruments linked to an underlying reference such as the S&P 500 index and exchange-traded notes.