Barclays Latest Bank to Make Provision for US WhatsApp Fine (1)

European banks are counting the cost of their employees’ messaging habits, which have caught the attention of US regulators in a global investigation.

Barclays Plc said in second-quarter results Thursday that it has reached an agreement with US regulators to pay a $200 million penalty in connection to a probe into business communications by employees “over electronic messaging channels that had not been approved by the bank.” The proposed resolution will see Barclays pay a $125m penalty to the Securities and Exchange Commission and a $75m fine to the Commodity Futures Trading Commission.

Bloomberg reported Wednesday the bank was working ...