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Barclays Halts Certain Debt Activities After £540 Million Clerical Error

  • Clerical error saw bank overissue $15 billion of securities
  • Lender suspended sale of 30 exchange-traded notes Thursday
Barclays Plc headquarters in London.

Barclays Plc headquarters in London.

Photographer: Hollie Adams/Bloomberg
Updated on

Barclays Plc has suspended market-making activities in its own debt securities, as it navigates the process of fixing a paperwork blunder that saw it mistakenly issue $15 billion of U.S. securities.

The suspension impacts the securities of both Barclays PLC and Barclays Bank Plc, the unit that houses the investment bank, according to a statement Friday. The lender said it “will continue to evaluate the extent to which it can resume market making in any such individual security.”