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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Barclays Plc | LSE:BARC | London | Ordinary Share | GB0031348658 | ORD 25P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.35 | 0.17% | 204.35 | 204.75 | 204.85 | 205.00 | 199.20 | 202.00 | 107,968,441 | 16:35:19 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Commercial Banks, Nec | 25.38B | 5.26B | 0.3470 | 5.90 | 31.04B |
From Apr 2019 to Apr 2024
By Adriano Marchese
Three former Barclays executives were acquitted of fraud on Friday, in the U.K.'s first trial of bank executives for misconduct during the financial crisis.
The U.K.'s Serious Fraud Office said that Roger Jenkins, Richard Boath and Thomas Kalaris were acquitted of charges of conspiracy to commit fraud in relation to allegedly misleading markets and investors over capital-raising agreements with Qatar Holding LLC and Challenger Universal Ltd. worth $15 billion in June and October of 2008.
The decision marks another defeat for the SFO after cases against both the bank and the former CEO John Varley were previously dismissed.
In the summer of 2017, the SFO charged Barclays, accusing it of lending $3 billion to Qatar to effectively fund its own bailout. The SFO also investigated hundreds of millions of dollars worth of advisory services that were paid by the bank to Qatari investors. Barclays had previously denied that the loan was for the purpose of buying its own shares and maintained that the advisory-services payments were for legitimate business purposes.
The Qatari equity injection allowed Barclays to avoid a state-backed rescue which wasn't the case for its peers, Royal Bank of Scotland Group PLC and Lloyds Banking Group PLC.
In May 2018, the Crown Court dismissed the charges against Barclays, which included conspiracy with former executives to commit fraud and provided "unlawful financial assistance." A case against Mr Varley was also dismissed last year.
Commenting on the acquittals Friday, the SFO said: "Our prosecution decisions are always based on the evidence that is available, and we are determined to bring perpetrators of serious financial crime to justice. Wherever our evidential and public interest tests are met, we will always endeavor to bring this before a court."
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
February 28, 2020 10:44 ET (15:44 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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