Jan 23, 2019

Trial of former Barclays bosses to start

The first criminal trial of senior UK banking executives in the wake of the financial crisis is due to begin on Wednesday. The case against four former executives has been filed by the Serious Fraud Office over Barclays' £11.8bn rescue. The defendants are John Varley, the bank's former boss; investment banking executive Roger Jenkins; Thomas Kalaris, head of the bank's wealth management business; and Richard Boath, former European Head of Financial Institutions Group at the lender's investment bank. The trial of four former Barclays executives starting in January 2019 is a unique legal landmark. In December, a fraud case brought against former Tesco bosses was dismissed as the case was thought to be too weak.

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