Barclays Plc loaned $3 billion to Qatar to help fund a share purchase as the lender sought investments from the Middle East at the peak of the 2008 financial crisis, according to a U.K. lawsuit brought by Amanda Staveley’s investment firm (PCP Capital Partners LLP & Anr v. Barclays Bank Plc, High Court of Justice Queens Bench Division.
Barclays failed to disclose the loan and paid the Qatari investors an additional $371 million (280 million pounds) in “hidden” fees, lawyers for investment firm PCP Capital Partners said in documents filed at the U.K. High Court Sept. 1. The London-based bank’s $9.7 ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.