Former Barclays chiefs face ‘financial crisis bailout’ fraud charges

Barclays and four of the bank’s former executives appeared in court today (Mon) charged with fraud related to raising billions of pounds from Qatar during the financial crisis. Former chief executive John Varley and three of his senior colleagues – Roger Jenkins, Tom Kalaris and Richard Boath – allegedly raised £11.8bn in emergency fundraising in 2008. The deal – which allowed the bank to avoid taking a taxpayer bailout – was the subject of a five-year investigation by the Serious…