Barclays Exec Tells Jury Of Pressure Over Qatar Fundraising

Law360, London (December 2, 2019, 5:38 PM GMT) -- Former Barclays Middle East investment banking chief Roger Jenkins on Monday recalled “not sleeping for a number of nights” as the British lender fought to secure an emergency investment from Qatar that would save the bank from a taxpayer bailout at the height of the 2008 financial crisis.

Jenkins, the “gatekeeper” of the bank’s relationship with Qatar, told a jury at London’s Old Bailey that the Barclays’ team working on the capital raising was under “significant pressure” and feared the deal would collapse if Qatar pulled out at the last minute.

“This was a very unusual situation. As a team we...

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