Feb 26, 2021

Amanda Staveley loses High Court fight with Barclays over damages

A businesswoman who sued Barclays for hundreds of millions of pounds has lost her High Court battle. Amanda Staveley, 47, said her private equity firm, PCP Capital, was owed money for work during the financial crisis. Barclays raised billions of pounds during the crisis from Middle East backers, helping it avoid a UK government bailout. The court also heard about complaints about the behaviour of bank bosses. "The judgment confirms what I have said from the outset and repeated in my evidence; a senior executive at Barclays repeatedly lied to me when seeking private investment in the bank during the 2008 financial crisis."

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