The New audit Department of Financial Services has reportedly said that Barclays will have to raise at least $ 500 m by next month to resolve allegations it manipulated foreign exchange markets through its electronic trading platform , presenting an early test for the bank 's incoming CEO , Jes Staley . Barclays has so far declined to comment . This move comes as the US agencies ' forex probe continues its investigation to include fresh claims against foreign Bank . Moody 's ratings agency believes they have shifted their focus now to the European banks , after the US lenders have already taken on the burden of the burden , with Deutsche Bank and RBS looking the most vulnerable .
The New York Department of Financial Services has reportedly said that Barclays will have to pay at least $100m by next month to resolve allegations it manipulated foreign exchange markets through its electronic trading platform, presenting an early test for the bank's incoming CEO, Jes Staley. Barclays has so far declined to comment. This move comes as the US agencies' forex probe continues its spread to include fresh claims against Deutsche Bank. Moody's ratings agency believes regulators have shifted their focus now to the European banks, after the US lenders have already taken on the bulk of the burden, with Deutsche Bank and RBS looking the most vulnerable.