Federal Reserve Imposes $1.2 Million Fine and Permanent Ban on Employment Against Former Barclays Bank PLC Employee
May 19, 2017
May 19, 2017
WASHINGTON, May 19 -- The Federal Reserve issued the following news release:
The Federal Reserve Board on Friday announced that it has imposed a $1.2 million fine and a permanent ban on employment in the banking industry against Christopher Ashton, the former Global Head of Foreign Exchange (FX) Spot Trading at Barclays Bank PLC, in connection with the manipulation of FX pricing benchmarks.
Ashton failed to answer, appear, or request a hearing in administrative law . . .
The Federal Reserve Board on Friday announced that it has imposed a $1.2 million fine and a permanent ban on employment in the banking industry against Christopher Ashton, the former Global Head of Foreign Exchange (FX) Spot Trading at Barclays Bank PLC, in connection with the manipulation of FX pricing benchmarks.
Ashton failed to answer, appear, or request a hearing in administrative law . . .