Today Barclays has been hit with another scandal which has been bubbling along in the background for some time, but with a new chief executive also arriving, do the bank's shares look attractive?
Barclays - already reeling from the LIBOR scandal which hammered its shares recently - today confirmed the SFO, picking up on an FSA investigation, is looking into payments linked to various Middle East investors which backed the bank during the 2008 credit crisis. Rather than seek help from the government, Barclays shored up its own balance sheet four years ago by striking a deal with Qatar's sovereign wealth fund, as well as other backers. However, last month Barclays revealed four of its current and former managers, including Chris Lucas, the bank's finance director, were being inv...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
