Investors Wanted Extra Deals In Barclays Cash Call, Jury Told
Law360, London (February 27, 2019, 9:09 PM GMT) -- Investors from Qatar, China and Japan all wanted side deals from Barclays when they participated in the British lender's emergency £11 billion ($14 billion) cash call at the height of the financial crisis, a former executive testified Wednesday at a high-profile London trial.
Former Barclays PLC managing director Glenn Leighton said deals reached with the investors were negotiated in tandem with the bank's 2008 capital raising but were separate agreements. Leighton appeared as a prosecution witness at the trial of four former senior executives at the bank accused of inking sham deals to secure billions of pounds in investments at the...
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