UK Authorities Probe Barclays Qatar Loan
It's been battered by a $450 million fine for rigging Libor interest rates, then the departure of CEO Bob Diamond. Now the British authorities are looking into an allegation that Barclays loaned Qatar money to invest in the lender as part of its rescue fundraising during the financial crisis, according to a report in the Financial Times. Unlike its rivals Lloyds and Royal Bank of Scotland, Barclays avoided a government bailout.
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