Barclays:: Qatar allegations – more signs of rotten culture


If only the highly intelligent individuals employed by banks would apply their minds to come up with such creative ‘solutions’ for their personal and small business customers

Further pressure mounted on Barclays when it faced fresh allegations on Friday about its relationship with Qatar at the height of the 2008 financial crisis. The Qataris were the main contributors to a £7.3bn lifeline to Barclays that allowed it to avoid a taxpayer bailout. The Financial Times reported that the Serious Fraud Office and the Financial Services Authority are investigating whether Barclays lent Qatar funds to buy shares in the bank.

Barclays boss waives bonus as bank rocked by new Qatar allegations | Business | The Guardian.

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