Wednesday, February 6, 2013

Barclays ducks Qatar questions, ups mis-selling fund



Barclays bosses ducked questions on Tuesday over funding for its rescue by Qatar four years ago, as another big charge for mis-selling showed how past problems continue to dog the British bank.
UK authorities have been investigating the bank's fundraising from Qatar at the height of the 2008 financial crisis since July. The Financial Times reported last week that they were looking into whether Barclays had lent Qatar money to buy shares in the bank itself.
Asked if there was anything linked to the Qatar fundraising that could cause embarrassment in the future, Barclays Chairman David Walker told lawmakers that he could not comment due to the continuing investigation.

No comments:

Post a Comment

ShareThis