Barclays Boss 'Panicked' Over Pay In Event Of UK Bailout

Law360, London (January 28, 2019, 6:35 PM GMT) -- A senior executive at Barclays PLC "panicked" over what could happen to his and his colleagues' careers if the bank was nationalized by the British government at the height of the financial crisis, prosecutors told a London jury Monday in the high-profile fraud trial.

Barclays' former Middle East head Roger Jenkins, one of four defendants in the trial, raised concerns with colleagues in October 2008 over what could happen to their pay if the bank was taken over in a taxpayer-funded bailout, according to a phone call read to jurors during the prosecution's continuing opening presentation in the case over the bank's...

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