(Bloomberg) — When Qatari officials demanded higher fees in exchange for saving Barclays Plc during the 2008 financial crisis, investment banking head Bob Diamond led the resistance, former bank executive Roger Jenkins said.Jenkins is in court with ex-colleagues Tom Kalaris and Richard Boath, charged with disguising payments made to Qatar for a 4 billion-pound ($5 billion) capital injection as advisory service agreements. The men deny the charges.The investment was crucial to allowing Barclays to avoid a U.K. government bailout amid the credit crisis. Hussain Al-Abdulla, an adviser to Qatar’s prime minister Sheikh Hamad bin Jassim Al Thani, demanded fees of …read more
Source:: Yahoo Finance
