A PYMNTS Company

UK: Former Barclays bosses face London trial

By  |  January 7, 2019

The most senior bankers to face criminal charges in Britain over conduct during the global financial crisis will appear before a London jury on Monday, in a trial that will test the mettle of the Serious Fraud Office.

Former Barclays chief executive John Varley and three one-time colleagues stand charged over deals with Qatari investors to secure cash injections that allowed the bank, that traces its origins back to 1690, to survive the crisis a decade ago.

The trial, which is scheduled to last for up to four months, is expected to begin with lengthy legal, procedural arguments before prosecutors open their case.

Full Content: Business Insider

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.