Barclays PLC Rotten Score Breakdown
Corporate Misconduct
30.0ptsRotten to the core
Avg Rating: 5.00Ratings: 1Severity Score: 6.00Evidence Count: 1Contribution: 30.0 pts
Misconduct: low 0 · medium 0 · high 1
Remediation: low 0 · medium 0 · high 0ⓘ cap: 25%
Barclays pleaded guilty and received $710 million in U.S. criminal penalties for foreign-exchange manipulation
In May 2015, Barclays PLC agreed to plead guilty at parent-company level to conspiring to fix prices and rig bids for U.S. dollars and euros traded in the foreign-exchange spot market.
The U.S. Department of Justice stated that Barclays traders participated in the conspiracy from December 2007 until July 2011 and again from December 2011 until August 2012. Traders used an exclusive electronic chat room and coordinated trading to manipulate benchmark exchange rates.
Barclays agreed to pay a $650 million criminal antitrust fine. It also agreed to pay an additional $60 million criminal penalty because the foreign-exchange conduct violated a principal term of an earlier non-prosecution agreement concerning benchmark interest rates.
Source / proof:
U.S. Department of Justice:
https://www.justice.gov/archives/opa/pr/five-major-banks-agree-parent-level-guilty-pleas
Human Rights & Exploitation
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Fraud & Corruption
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Deceptive Practices
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Environmental Harm
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Sustainability Deception
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Workplace Misconduct
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts
Financial Misconduct
0.0ptsNo documented evidence
Avg Rating: —Ratings: 0Severity Score: 0.00Evidence Count: 0Contribution: 0.0 pts