The U.K. bank Barclays PLC was handed a $12.2 million fine and will be required to pay up to $96 million to customers who were improperly sold two stock-and-bond funds, according to an article in the Wall Street Journal by Margot Patrick. The settlement arose out of an investigation by the U.K.’s Financial Services Authority. It was the biggest fine yet for a retail matter and according to the FSA reflects the “serious failings” in the way products were marketed and determined to be suitable for investors by Barclays.