Finance
Wall Street Banks’ Client Trading Practices Examined by UK
- FCA wants an overview of how firms provide ‘best execution’
- Trading practices are facing scrutiny from several regulators
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UK financial regulators are examining how top investment banks including Goldman Sachs Group Inc. and Barclays Plc handle client trades.
The Financial Conduct Authority has asked a handful of large institutions for information about their trade processing in recent months, according to people familiar with the matter, who asked not to be named as the probe isn’t public.