Barclays said on Tuesday it planned to set up a new private banking booking centre in Singapore by 2026 to tap into the city-state's expanding pool of ultra-wealthy clients, financial institutions, and family offices.

Barclays Plc plans to add Singapore as its second booking center for its private bank operations in Asia Pacific, marking a full return to the wealth hub.

The centre will offer clients access to quasi-institutional investment solutions and cross-asset class offerings.

Britain's financial regulator has fined Barclays 40 million pounds ($50.9 million) for its failure to disclose payments made to Qatari entities in 2008, after the bank on Monday said it had dropped its appeal over the case.

Barclays Plc has been fined £40 million ($50.3 million) by British regulators over failures to disclose details of its rescue by Qatar during the 2008 financial crisis.

The bank said it will reduce rates on selected products by up to 0.20 percentage points across its residential purchase and remortgage range from Wednesday

Barclays had made a “bold” decision to cut mortgage rates after weeks of increases from most major lenders. The bank has made a slew of reductions of up to 0.2 percentage points, including dropping its 5.49 per cent two-year deal for those with 10 per cent deposits from 5.49 per cent to 5.39 per cent.

These are today's mortgage and refinance rates. The 30-year fixed mortgage rate has dropped by 16 basis points, and rates are down overall. Lock in your rate today. A change in presidential economic policy generates curiosity and concern about the direction and flow of interest rates or which economic sectors could flourish under the upcoming