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Violation Tracker UK Individual Case

Company: Barclays Bank UK plc and Barclays Bank plc
Current Parent CompanyBarclays
Parent at the Time of the Penalty Announcement: Barclays
Penalty: £1,910
Year: 2019
Date: 4 July, 2019
Offence Group: financial offences
Offence Type: banking violation
Violation Description: The CMA issued legally binding directions to Barclays to cease breaching undertakings agreed to in 2002 by requiring businesses to hold current accounts at Barclays before they were able to access other products. Barclays paid nearly £2,000 compensation to account holders for unnecessary charges.
Action Type: agency action
Agency: Competition and Markets Authority
HQ Country of Parent: United Kingdom
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)