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It is possible that the error raises broader questions about Barclays’ risk and controls culture

Editor

David Wighton is a columnist for Financial News

On the surface, Barclays’ punishment for issuing $15bn more US financial products than it had authorisation for looks way out of proportion to the crime.

Does Barclays’ punishment for its £450m trading error match the crime?

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David Wighton

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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