Barclays’ chairman, John McFarlane, said: “I am personally very disappointed and apologetic that this situation has occurred, particularly as we strive to operate to the highest possible ethical standards.
“The Board takes Barclays culture and the integrity of its controls extremely seriously.
“We have investigated this matter fully using an external law firm and we will be commissioning an independent review of Barclays processes and controls to determine what improvements may be required.”
