Barclays fined £38m for putting clients' money 'at risk'

Barclays has been fined a record £38m by the City regulator for failing to keep its clients' money separate from its own.

The fine comes three years after Barclays paid out £1.1m for a similar issue.

The Financial Conduct Authority (FCA) said the bank's investment arm had put £16.5bn of clients' money "at risk" between November 2007 and January 2012.

Barclays said it did not profit from the issue and no customers lost out.

"Clients risked incurring extra costs, lengthy delays or losing their assets if Barclays had become insolvent," the FCA said.

And FCA director of markets David Lawton said safeguarding client assets was "key" to maintaining market confidence.

"Barclays lack of focus on the rules was unacceptable," he added.

Barclays, which

Yahoo 'threatened' by US government with $250,000-a-day fine

Yahoo said the US government threatened to fine it $250,000 a day if the search giant failed to hand over user data.

According to court documents, the National Security Agency (NSA) had demanded that Yahoo comply with new surveillance rules, something the company said was unconstitutional.

Yahoo failed in a court challenge on the constitutionality of the order.

But the details emerged on Thursday when a federal judge ordered the unsealing of some material about case.

Yahoo's general counsel Ron Bell said publication of the material was "an important win for transparency".

Yahoo said that