Barclays will be hit by the latest in a string of financial penalties this week when the City regulator hands out a £38m fine for failing to ensure adequate protection for clients' funds. Sky News has learnt that the Financial Conduct Authority (FCA) is to announce as soon as Tuesday that Barclays is to pay the fine - a record for this type of misconduct. The punishment relates to the bank’s failure to segregate clients’ asset properly and maintain adequate records, the second occasion on which Barclays has been fined for such an offence after a £1.1m penalty three years ago. The FCA is understood to have concluded ... (full story)