fined

Barclays fined US$361m for 'appalling' mistake

Barclays fined US$361m for ‘appalling’ mistake

Sep 30 (Reuters) – British lender Barclays (BARC.L) on Thursday agreed to a $361 million fine with U.S. regulators over “staggering” failures that led it to oversell $17.7 billion worth of products structured, racking up additional costs for a mistake that spoiled CEO CS Venkatakrishnan’s first year in charge. Shares of Barclays were up 2% …

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Suns owner Sarver suspended for 1 year and fined $10 million

Suns owner Sarver suspended for 1 year and fined $10 million

Robert Sarver, owner of the NBA’s Phoenix Suns and WNBA’s Phoenix Mercury, has been suspended for a year and fined $10 million by the NBA following the league’s investigation into the franchise. Suns. The NBA announced the punishment on Tuesday, saying its investigation found that during his time with the Suns and Mercury organization, Sarver …

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