Yesterday, Barclays was strike with a record of £7.7 million mis-selling penalty and planned to reimburse up to £60 million, trailing a Money Mail movement.

The penalty, forced by City supervisory body the Financial Services Authority, denotes an astonishing triumph for Money Mail and shareholders who struggled grimly regardless of stonewalling and adamant rebuff by the bank.

Over 12,000 sufferer stand to obtain reimbursement averaging £5,000 where they inspected how the mis-selling took place, how they depicted it and what come about now.

So finally Barclays was penalized £7.7m for mis-selling two venture funds to pensioners and others as well who are coming close to the retirement age and who did not wish to be in risk with their funds

So now the big question is that what might have turned wrong in the case of Barclays?

The FSA yesterday rattled off a list of faults by Barclays that led to 12,331 clients being mis-sold dicey funds.

The faults that were represented by Money Mail in a research straddling approximately two years - comprised of not clearing up the threats of specific funds, putting on sale the dicey investments to alert savers, dispersing misinforming product leaflets and the insufficient training of staff.