Finance

Barclays suspends market making in its own debt after blunder

A department of Barclays Financial institution is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls

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LONDON, April 29 (Reuters) – Barclays (BARC.L) has briefly halted market making in its personal debt securities following a buying and selling blunder, the British financial institution stated on Friday.

Barclays disclosed on March 28 that it had exceeded a U.S. restrict on gross sales of structured merchandise, triggering a loss and a possible restatement of its 2021 accounts.

“Barclays will proceed to judge the extent to which it will probably resume market making in any such particular person safety,” the financial institution stated on Friday.

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Reporting By Lawrence White; enhancing by Jason Neely

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