Monday, 12 May 2014

Just another bank under a corruption investigation

You wonder if it will ever end. New investigations into improper conduct by bankers just keep on coming. I referred to a couple in my news and views item posted earlier today. Now I can add this one from London’s Financial Times:
UK fraud office steps up probe into Barclays’ dealings with Qatar – “Bob Diamond, John Varley and other senior members of Barclays’ former management are set to be questioned under caution by the UK’s Serious Fraud Office, in an acceleration of its probe into alleged corrupt arrangements in Qatar as part of the bank’s emergency cash call in 2008.”
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