Ex-Barclays bankers cleared of £4bn Qatar financial crisis fraud after SFO probe
Roger Jenkins, Thomas Kalaris and Richard Boath were all acquitted of charges of conspiracy to commit fraud by false representation in connection with the 2008 Qatar fundraisings.
I think it’s going to be very interesting to see what happens to the UK banks share prices when they start paying dividends again and very interested to see what Dividend Yield will be issued
All change at the top and it doesn’t look like the markets like it much. He will receive 12 months’ pay, totalling £2.4m, as well as his pension allowance of £120,000 for the year, and any other benefits.
He will be replaced as chief executive by Mr C.S. Venkatakrishnan, known as Venkat, subject to regulatory approval.
The board said Venkat had been identified as its preferred candidate for the role over a year ago.
Inflation has been soaring this year and banking stocks like Barclays (LSE: BARC) are expected to do better in a high interest rate environment. That is why I am left scratching my head after the Barclays share price has dropped by 25% so far in 2022. So, what are the reasons for the share price underperforming?
I am building a sin portfolio and added Barclays in, maybe slightly harsh towards an institution with such a long and distinguished history. Nonetheless, banks fit in quite well, sadly.