GE stock drops as profit misses, CEO cuts forecast
Baker Hughes posts loss in first report after GE acquisition (GE)
FDA approves 2nd gene therapy targeting non-Hodgkin lymphomas
Barclays and four bank chiefs face fraud charges over 2008 crisis fundraising
20 June 2017, 10:25 | Jan Cross
Barclays Jes Staley takes part in the Yahoo Finance All Markets Summit in New York U.S. February
The SFO said the charges relate to Barclays "capital raising arrangements" in Qatar "which took place in June and October 2008, and a $3bn loan facility made available to the State of Qatar acting through the Ministry of Economy and Finance in November 2008".
Since August 2012, the SFO had been investigating commercial agreements between Barclays and Qatari investors struck during the financial crisis.
The prosecutor accused Mr. Varley, who was the bank's chief executive between 2004 and 2011, of conspiracy to commit fraud and unlawful financial assistance.
The Serious Fraud Office said Tuesday that former Chief Executive Officer John Varley, former chairman of investment banking for the Middle East Roger Jenkins, ex-deputy head of investment banking Richard Boath and ex-wealth chief Thomas Kalaris face charges along with the bank.
Varley and Jenkins also face a charge of unlawful financial assistance, the SFO said.
Nickelback Are Beefing With Slipknot
The two were once labelmates back when Nickelback and Taylor's other group Stone Sour were signed to Roadrunner Records . It seems Chad Kroeger has had it with Nickelback being the punching bag of the rock world.
Sarfraz hopes Champions Trophy triumph ends Pakistan exile
Put in to bat, Pakistan rode on a century by opener Fakhar Zaman to post a massive total of 338/4 in the allotted 50 overs. Banks, government and other organisations ran full-page advertisements congratulating the team for their historic win.
The announcement follows a five-year investigation into the events surrounding the £11.8bn emergency fundraisings conducted by Barclays during the height of the 2008 financial crisis, when it raised billions of pounds from Qatar.
All of the defendants will appear before Westminster Magistrates' Court on July 3, the SFO said.
Conspiracy to commit fraud by false representation in relation to the October 2008 capital raising, contrary to s1 and s2 of the Fraud Act 2006 and s1 (1) of the Criminal Law Act 1977 - Barclays Plc, John Varley and Roger Jenkins.
According to Reuters, authorities had been examining whether payments from Barclays to Qatar made at the same time, for example around £322m in "advisory services agreements" (ASA), alongside a multi-billion-dollar loan, were honest and properly disclosed.
Barclays says it is considering its position and awaiting further details.
Lockheed Martin Corporation (LMT) Upgraded to Buy at BidaskClub
Equities analysts anticipate that Lockheed Martin Corporation will post $12.52 earnings per share for the current fiscal year. RBC Capital Markets maintained Lockheed Martin Corporation (NYSE:LMT) on Wednesday, January 25 with "Sector Perform" rating.
No deal on NYC schools as NY lawmakers eye adjournment
One complicating factor is that the Legislature does not have major priorities of its own that might be used as leverage. The governor has said he sees a real possibility that no deal will be struck and mayoral control will lapse.
Venezuela will not recognize result of OAS meeting: minister
Venezuela has struggled with an imploding economy, rampaging inflation and chronic shortages of food and basic consumer goods. The president has accused his political opponents backed by the US of waging an "economic war" to destabilize his rule.
Jared Kushner speaks in public. And Washington takes notice
The council is made up of CEOs from Silicon Valley's most prominent companies, as well as over a dozen White House officials . In May, Trump created an American Technology Council, his latest effort since taking office to modernise the U.S. government.
Cristiano Ronaldo explains bold new style
There will be new players coming in as is always the case but I can guarantee that, as long as he's fit, he will play. Leonardo Bonucci's deep ball was brought down by Alex Sandro, who cut it back to Higuain in the penalty area.
Larson earns 2nd NASCAR win of season
Kyle Larson is once again atop the Monster Energy NASCAR Cup Series after Larson won Sunday's FireKeepers Casino 400 at MI . Larson would pass Kyle Busch with 15 laps to go, and hang on through a couple late restarts to secure the win .
UK, EU talk up chance of Brexit deal
He had struck a conciliatory tone in an earlier statement, emphasising Britain and the EU's "shared European values". May herself will be in Brussels on Thursday and Friday for a regular summit with fellow European Union leaders.