Feb 12, 2018
As a fraud case looms, the past returns to haunt Barclays
Each of the men to have occupied the chairman's office faced their challenges, some of which were existential, but every single one managed to hand on the bank to a successor. The news on Monday that Barclays Bank, the operating company that holds the group's banking licences, is to be charged under the UK's 1985 Companies Act raises the question of whether that line will at last be broken. If Barclays Bank were to be found guilty, it is uncertain whether or not it would lose its banking licences and, if so, where. The investment bank is capital intensive, the derivatives book runs to trillions and there are few institutions with the intellectual or financial firepower to take them on. The writer is the author of a forthcoming book on Barclays, 'The Bank That Lived a Little'.
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