UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
May 20, 2015
Barclays PLC
and Barclays Bank PLC
(Name of Registrant)
1 Churchill
Place
London E14 5HP
England
(Address of
Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F ¨
Indicate by check mark whether the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark whether the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
THIS
REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENTS ON FORM F-3 (NO. 333-190038) AND FORM S-8 (NOS. 333-112796, 333-112797, 333-149301 AND 333-149302) OF BARCLAYS BANK PLC AND THE REGISTRATION STATEMENTS
ON FORM F-3 (NO. 333-195645) AND FORM S-8 (NOS. 333-153723, 333-167232, 333-173899, 333-183110 AND 333-195098) OF BARCLAYS PLC AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR
REPORTS SUBSEQUENTLY FILED OR FURNISHED.
This Report is a joint Report on Form 6-K filed by Barclays PLC and Barclays Bank PLC. All of the issued ordinary
share capital of Barclays Bank PLC is owned by Barclays PLC.
The Report comprises the following:
|
|
|
Exhibit
No. |
|
Description |
|
|
99.1 |
|
Press release, Barclays announces Foreign Exchange and ISDAfix settlements, dated May 20, 2015. |
-2-
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each of the registrants has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
|
|
|
|
|
|
|
|
|
|
|
BARCLAYS PLC |
|
|
|
|
(Registrant) |
|
|
|
|
Date: May 20, 2015 |
|
|
|
By: |
|
/s/ Patrick Gonsalves |
|
|
|
|
Name: |
|
Patrick Gonsalves |
|
|
|
|
Title: |
|
Deputy Secretary |
|
|
|
|
|
|
|
|
|
|
|
BARCLAYS BANK PLC |
|
|
|
|
(Registrant) |
|
|
|
|
Date: May 20, 2015 |
|
|
|
By: |
|
/s/ Patrick Gonsalves |
|
|
|
|
Name: |
|
Patrick Gonsalves |
|
|
|
|
Title: |
|
Joint Company Secretary |
-3-
Exhibit 99.1
Barclays announces Foreign Exchange and ISDAfix settlements
As part of their industry-wide investigations into certain sales and trading practices in the Foreign Exchange (FX) market, Barclays has today
reached settlements with the U.S. Commodity Futures Trading Commission (CFTC), the New York State Department of Financial Services (DFS), the U.S. Department of Justice (DOJ), the Board of Governors of the Federal
Reserve System (FRB) and the UK Financial Conduct Authority (FCA and together the authorities).
Barclays has agreed
to pay a combined total of £1,534 million (sterling equivalent). In common with other financial institutions announcing FX settlements today with the DOJ, Barclays has also agreed to plead guilty to a violation of US anti-trust law.
The fine imposed by the DOJ includes an amount of £38.7 million (US$60 million) as a consequence of certain practices continuing after Barclays
entered into a Non-Prosecution Agreement (NPA) with the DOJ in June 2012. However, the DOJ has exercised its discretion not to declare a breach of the NPA recognising the significant cultural and compliance changes already instituted by
Barclays and the degree of co-operation that Barclays provided in the course of the DOJs investigation. As the settlements show, Barclays has also received recognition for these changes and its co-operation from other authorities.
Barclays has also reached a settlement with the CFTC as part of an industry-wide investigation into the setting of the US Dollar ISDAfix benchmark. In
connection with this resolution, Barclays has agreed to pay £74.2 million (US$115 million).
The fines imposed under todays settlements are
covered by existing provisions of £2.05 billion, including those taken by Barclays in its Q1 2015 results.
Antony Jenkins, Barclays CEO, said:
The misconduct at the core of these investigations is wholly incompatible with Barclays purpose and values and we deeply regret that it
occurred. This demonstrates again the importance of our continuing work to build a values-based culture and strengthen our control environment. We remain completely committed to that effort.
I share the frustration of shareholders and colleagues that some individuals have once more brought our company and industry into disrepute. Dealing with
these issues, including taking the appropriate disciplinary action against the individuals involved, is a necessary and important part of our plan to transform Barclays and remains a key priority.
Barclays continues to co-operate with ongoing investigations into FX (including in relation to electronic
trading), LIBOR and other benchmark investigations and Precious Metals and to manage related litigation risks as described at page 307 of the 2014 Annual Report.
Note to Editors:
The individual amounts of the fines of
the various authorities relating to Foreign Exchange were as follows:
|
|
|
DOJ $710 million (including $60 million referable to the Non-Prosecution Agreement) |
|
|
|
FCA £284 million (reduced by 20% early settlement discount from £355 million) |
-Ends-
For further information please contact:
|
|
|
|
|
Investor Relations |
|
Media Relations |
|
|
Kathryn McLeland |
|
Will Bowen |
|
|
+44 (0)20 7116 4943 |
|
+44 (0)20 3134 7444 |
|
|
About Barclays
Barclays
is an international financial services provider engaged in personal, corporate and investment banking, credit cards and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays purpose is to help people
achieve their ambitions - in the right way.
With 325 years of history and expertise in banking, Barclays operates in over 50 countries and
employs over 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.
For further information about
Barclays, please visit our website www.barclays.com
Forward-looking statements
This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and Section
27A of the US Securities Act of 1933, as amended, with respect to certain of the Groups plans and its current goals and expectations relating to its future financial condition and performance. Barclays cautions readers that no forward-looking
statement is a guarantee of future
performance and that actual results could differ materially from those contained in the forward-looking
statements. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use words such as may, will, seek,
continue, aim, anticipate, target, projected, expect, estimate, intend, plan, goal, believe, achieve or
other words of similar meaning. Examples of forward-looking statements include, among others, statements regarding the Groups future financial position, income growth, assets, impairment charges and provisions, business strategy, capital,
leverage and other regulatory ratios, payment of dividends (including dividend pay-out ratios), projected levels of growth in the banking and financial markets, projected costs or savings, original and revised commitments and targets in connection
with the Transform Programme and Group Strategy Update, run-down of assets and businesses within Barclays Non-Core, estimates of capital expenditures and plans and objectives for future operations, projected employee numbers and other statements
that are not historical fact. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances. These may be affected by changes in legislation, the development of standards and
interpretations under IFRS, evolving practices with regard to the interpretation and application of accounting and regulatory standards, the outcome of current and future legal proceedings and regulatory investigations, future levels of conduct
provisions, the policies and actions of governmental and regulatory authorities, geopolitical risks and the impact of competition. In addition, factors including (but not limited to) the following may have an effect: capital, leverage and other
regulatory rules (including with regard to the future structure of the Group) applicable to past, current and future periods; UK, US, Africa, Eurozone and global macroeconomic and business conditions; the effects of continued volatility in credit
markets; market related risks such as changes in interest rates and foreign exchange rates; effects of changes in valuation of credit market exposures; changes in valuation of issued securities; volatility in capital markets; changes in credit
ratings of the Group; the potential for one or more countries exiting the Eurozone; the impact of EU and US sanctions on Russia; the implementation of the Transform Programme; and the success of future acquisitions, disposals and other strategic
transactions. A number of these influences and factors are beyond the Groups control. As a result, the Groups actual future results, dividend payments, and capital and leverage ratios may differ materially from the plans, goals, and
expectations set forth in the Groups forward-looking statements. Additional risks and factors are identified in our filings with the SEC including our Annual Report on Form 20-F for the fiscal year ended 31 December 2014 (2014 20-F), which are
available on the SECs website at http://www.sec.gov; and in our Annual Report for the fiscal year ended 31 December 2014, which is available on the Barclays Investor Relations website at www.barclays.com/investorrelations.
Any forward-looking statements made herein speak only as of the date they are made and it should not be assumed that they have been revised or updated in the
light of new information or future events. Except as required by the Prudential Regulation Authority, the Financial Conduct Authority, the London Stock Exchange plc (the LSE) or applicable law, Barclays expressly disclaims any obligation or
undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Barclays expectations with regard thereto or any change in events, conditions or circumstances on which any
such statement is based. The reader should, however, consult any additional disclosures that Barclays has made or may make in documents it
has published or may publish via the Regulatory News Service of the LSE and/or has filed or may file with the SEC, including the 2014 20-F.
Barclays (NYSE:BCS)
Historical Stock Chart
From Apr 2024 to May 2024
Barclays (NYSE:BCS)
Historical Stock Chart
From May 2023 to May 2024