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Barclays: Qataris spoke to Gordon Brown to ‘defuse 2008 bailout pressure’

July 02, 2020 at 06:51PM

Court hears Qatari leader spoke to then PM as bank pressurised to accept government money

A Qatari leader spoke to then prime minister Gordon Brown during the 2008 financial crisis as Barclays came under increasing pressure to accept government money, a former bank boss has told a high court judge.

Former Barclays chief executive John Varley told Mr Justice Waksman how Qatari prime minister Sheikh Hamad spoke to Brown in October 2008 to “defuse” that pressure.

Continue reading… via Banking | The Guardian https://bit.ly/2BXDowM

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