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Newsflash: Barclays has been fined £40m by City regulators over allegedly secret payments it made to Qatari investors during the financial crisis 16 years ago.

The Financial Conduct Authority has announced it has fined Barclays £40m “for its failure to disclose certain arrangements with Qatari entities in 2008”, which the regulator says was “reckless and lacked integrity”.

‘Barclays’ misconduct was serious and meant investors did not have all the information they should have had. However, the events took place over 16 years ago and we recognise that Barclays is a very different organisation today, having implemented change across the business.

‘It is important that listed firms provide investors with the information they need.’