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Former Barclays CEO suggested Qatari side deal in 2008, London court hears

Former Barclays chief executive John Varley first suggested the bank could use a side deal to satisfy Qatar's demands for extra cash in return for rescue funding for the bank during the 2008 credit crisis, a London court heard on Tuesday......»»

Category: topSource: reutersJan 14th, 2020

British financier Staveley"s $2 billion Barclays lawsuit hits High Court

British buinesswoman Amanda Staveley's private equity firm told London's High Court on Monday it had received a "substantially worse" deal than Qatar when its syndicate invested billions of pounds in Barclays during the financial crisis in 2008......»»

Category: topSource: reutersJun 8th, 2020

Qatar, China, Japan sought "extras" after Barclays 2008 fundraising: court

Qatari, Chinese and Japanese investors all sought "extras" from Barclays as the British bank raised billions of pounds at the height of the credit crisis in 2008, a landmark London criminal trial heard on Wednesday......»»

Category: topSource: reutersFeb 27th, 2019

HP had "buyer"s remorse" over ill-fated Autonomy deal, court hears

Hewlett-Packard suffered "buyer's remorse" over its disastrous $11 billion acquisition of Autonomy and was trying to pin the blame on UK entrepreneur Mike Lynch, London's High Court heard on Monday in the closing stages of a multi-billion dollar case......»»

Category: topSource: reutersJan 6th, 2020

Charges against Barclays over its 2008 Qatari rescue deal have been dismissed

Thomson Reuters Judge drops charges relating to Barclays' capital raising deal with Qatar during the financial crisis. Barclays raised £4.6 billion from Qata.....»»

Category: topSource: businessinsiderMay 21st, 2018

British court dismisses charges against Barclays over 2008 capital raise

LONDON (Reuter.....»»

Category: topSource: reutersMay 21st, 2018

Barclays reports dismissal of SFO charges over 2008 Qatari rescue deal

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 21st, 2018

UK prosecutor seeks to restore criminal case against Barclays

The UK Serious Fraud Office (SFO) is seeking to resurrect its high-profile prosecution of Barclays over undisclosed payments to Qatari investors during the credit crisis with a rare legal procedure after a London court dismissed its case......»»

Category: topSource: reutersJul 24th, 2018

Barclays hoped 2008 cash call would drive international growth, court told

Barclays believed deals with strategic investors during the 2008 financial crisis would help to provide a springboard for its international ambitions, the bank's former chairman told a London criminal trial on Tuesday......»»

Category: topSource: reutersFeb 19th, 2019

Former Barclays chairman "not aware" of Qatar fee document, court told

Barclays' former chairman, giving evidence in a landmark London fraud trial, said he first saw a document detailing agreed fees for Qatari investors in the British bank four years after the payment was agreed......»»

Category: topSource: reutersFeb 20th, 2019

SKW closes $30M deal for condo debtor

SKW Funding has closed on $30 million in financing to support the acquisition of an existing loan and related bankruptcy court approved “debtor in possession” (DIP) loan for a building located on Manhattan’s Upper East Side. The financi.....»»

Category: realestateSource: realestateweeklyApr 20th, 2020

Factbox: Barclays bosses cleared of credit crisis-era fraud

Three former Barclays executives were cleared of credit-crisis era fraud charges by a jury on Friday after a landmark London trial over undisclosed payments to Qatar in 2008......»»

Category: topSource: reutersFeb 28th, 2020

Jury weighs verdict for ex-Barclays bankers in Qatar fee trial

The jury in the London trial of three former Barclays bankers accused of funneling secret fees to Qatar in return for emergency funding during the financial crisis in 2008, retired to consider its verdict on Wednesday......»»

Category: topSource: reutersFeb 26th, 2020

T-Mobile & Sprint Shares Jump As Court To Reportedly Rule In Favor Of Merger

The shares of telecommunications carrier T-Mobile Us Inc. (NASDAQ: TMUS) and Sprint Corporation (NYSE: S) jumped in the after-hours session on Monday as reports suggested that their nearly two-year-old merger deal is ab read more.....»»

Category: blogSource: benzingaFeb 10th, 2020

Liverpool wins High Court kit battle with New Balance

Liverpool football club has won a legal battle against sportswear maker New Balance, which had sought to stop the English Premier League side from signing a lucrative £70m-a-year shirt deal with Nike......»»

Category: topSource: bizjournalsOct 28th, 2019

Epstein accuser continues battle over his 2008 plea deal

A woman who says she was sexually abused by Jeffrey Epstein is continuing her decade-long legal fight over a once-secret plea deal Epstein signed in Florida. Courtney Wild asked an appeals court... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 7th, 2019

London Markets: British pound volatile as U.K. Supreme Court rules suspension of Parliament was unlawful

The British pound moved higher Tuesday as the U.K. Supreme Court ruled that the suspension of Parliament was unlawful, in a development that makes a no-deal Brexit less likely......»»

Category: topSource: marketwatchSep 24th, 2019

London Markets: British pound jumps, then flattens, as U.K. Supreme Court rules suspension of Parliament was unlawful

The British pound moved higher Tuesday as the U.K. Supreme Court ruled that the suspension of Parliament was unlawful, in a development that makes a no-deal Brexit less likely......»»

Category: topSource: marketwatchSep 24th, 2019

London Markets: British pound edges higher as Supreme Court hears Brexit case

The British pound was higher on Tuesday as the Supreme Court heard a case over whether Prime Minister Boris Johnson’s move to suspend Parliament before the country was due to leave the European Union was legal......»»

Category: topSource: marketwatchSep 17th, 2019

Ex-Barclays CEO Varley cleared of fraud charges

Former Barclays CEO John Varley was acquitted of fraud charges on Friday after senior judges said there was insufficient evidence against him in a case about Qatari cash injections that saved the bank from a state bailout in 2008......»»

Category: topSource: reutersJun 21st, 2019

Ex-CEO Whitman says was happy to throw HP predecessor "under the bus" over Autonomy deal

Meg Whitman, the former boss of Hewlett-Packard, said she was happy to throw her predecessor Leo Apotheker "under the bus" in a moment of anger over the botched acquisition of British software company Autonomy, London's High Court heard on Wednesday......»»

Category: topSource: reutersJun 5th, 2019