Barclays to compensate UK advice clients
UK bank Barclays has announced it will compensate former clients of its now-defunct financial planning arm whose details were sold to rogue traders.
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The City of London police is now investigating the matter, the newspaper reported, with the bank announcing that “a gesture of good will” is forthcoming.
Investigators are looking into the involvement of London fund manager First Asset Management, which reportedly “closed down suddenly last September amid complaints from angry investors”.
