Still legal troubles for Barclays. The British financial giant was convicted along with four of its former executives - including the former CEO John Varley - for conspiracy to defraud funds raised by the bank in 2008 through the capital increase supported by Qatar. The operation allowed Barclays not to be overwhelmed by the financial crisis and not to have to ask for public bailout.
The case concerns £322m paid as fees by Barclays to Qatari investors for a loan that was part of the wider fundraising, worth around £12bn.
The investigation lasted five years. The four former bankers will end up in Westminster court on July 3. While Barclays has declared that it awaits to know further details regarding the indictment.
