By Steve Slater and Huw Jones LONDON (Reuters) - Britain's financial watchdog has fined Barclays 72 million pounds ($109 million) for cutting corners in vetting wealthy customers in order to win a huge transaction described by one senior manager as potentially the "deal of the century." Barclays arranged the 1.9 billion pound transaction in 2011 and 2012 for a number of rich clients deemed by the regulator to be politically exposed persons (PEPs), or people holding prominent positions that could be open to financial abuse. "Barclays did not follow its standard procedures, preferring instead to take on the clients as quickly as possible and thereby generated 52.3 million pounds in revenue," the FCA said. It said the bank took unusual steps to keep the details of the clients and the transaction off its computer system, where it would normally be recorded.
Turkey has released audio recordings of what it says are the Turkish military’s repeated warnings to the pilot of the Russian plane before it was shot down at the border with Syria _ audio that grows increasingly more agitated.