Bloomberg Barclays Plc is being investigated by the Information Commissioner’s Office, a privacy watchdog, on allegations it spied on its workers through a computer monitoring software, the Telegraph reported. A spokesman from the Information Commissioner’s Office confirmed the probe to the paper, but couldn’t say when it will conclude. The Telegraph said Barclays faces a maximum fine of 865 million …

Bloomberg Banks operating in Hong Kong are stepping up scrutiny of their customers and at least one US bank is moving to suspend accounts to avoid running afoul of US sanctions slapped on city officials, putting them at risk of violating the controversial security law imposed by China. Asking not to be named discussing clients, people familiar with the decision …

Bloomberg A benchmark tracking shares of British banks closed at the lowest level since December 1992 after the Bank of England left investors concerned that interest rates may drop further, hurting earnings for the sector. The FTSE 350 Banks Index falls 1.8% amid a broader market drop as central bank officials indicated rates could fall below zero after the coronavirus …