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SFO investigates Barclays’ backers

Barclays last week revealed the Serious Fraud Office has begun an investigation into “payments under certain commercial agreements” with Qatar Holding.

The Qatari global investment house took a multi-billion-pound stake in the bank in 2008, which allowed Barclays to avoid seeking a bailout from the Government.

Qatar Holdings founded by the Qatar Investment Authority, investing “internationally and locally in strategic private and public equity as well as in other direct investments”.

The news was followed by the bank’s swift appointment of Antony Jenkins as group chief executive. Jenkins replaces former group chief exec Bob Diamond, who stepped down in the wake of the Libor-fixing scandal.




Roger Edwards

Avoid ‘what if’ and plan for the future

At some point in their lives, most people will ask themselves the what if question. What if I’d worked harder at school, what if I hadn’t got married at such a young age, what if I had gone to university, travelled more or stopped smoking. We recently looked at what advice over-35-year-olds would give to […]

Approvals for house purchase up 7.2% in July

The number of loans approved for house purchase increased by 7.2 per cent in July but the figure is still 6.7 per cent down on the six-month average, according to the Bank of England’s lending to individuals figures. In July, there were 47,312 loans approved for house purchase, with a value of £7.1bn, compared to […]

Barclays appoints new chief executive

Barclays has appointed Antony Jenkins to replace Bob Diamond as its new chief executive in the aftermath of the Libor scandal. Jenkins is currently head of the bank’s retail and business banking operations and has been a member of the group executive committee of Barclays since 2009. He becomes chief executive with immediate effect. His […]

West Brom lowers revert to rate for new customers

The West Brom has launched a new range of mortgage products that includes a revert to rate for new customers that is currently 2.35 per cent lower than its standard variable rate. All of the new products in the range revert to bank base rate plus 3.49 per cent. Customers coming to the end of […]


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