Barclays Denies Making 'Illegal Payment', Aguis May Return

Barclays Canary Wharf

Barclays did not make any 'illegal payment' to win a banking license in Saudi Arabia, the bank said in a statement in response to a newspaper report last week that said U.S. authorities were looking at whether improper payments were made

Reuters says that The Financial Times had reported on November 10th that the United States Department of Justice (DoJ) was investigating whether Barclays made any improper payments to win a banking license in Saudi Arabia to operate a wealth-management arm and investment bank, citing people familiar with the investigation.

Finally, The Daily Mail reports that Marcus Agius, the former chairman of Barclays who was forced to step down over the Libor-rate rigging scandal, may be kept on in a lucrative consultancy role, it has emerged.

It comes as Barclays’ new boss, Antony Jenkins, has ordered more than 100 of his most senior lieutenants to attend a two-day re-education event.

The process is aimed at cleansing their minds of the aggressive culture instilled by his predecessor Bob Diamond and overseen by Agius.

Barclays denies making "illegal payment" for Saudi license

Marcus Agius is lined up for second coming at Barclays

 

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