Barclays sees the beak about the bailout

Years after the event, the bank is due in court on Monday for a hearing into the fundraising it conducted in the maelstrom of the financial crsis

Westminster magistrates court will be the venue on Monday for the opening chapter in what is expected to be a landmark case arising from the 2008 financial crash. The former Barclays chief executive John Varley and three of his former colleagues - Roger Jenkins, Tom Kalaris and Richard Boath - are the first senior bankers to face criminal charges arising out of the crisis, and are due to appear in court in the afternoon.

The four are charged with offences following a five-year investigation into the events surrounding the 11.8bn emergency fundraising conducted by the bank in 2008 that allowed it to avoid a bailout by the taxpayer.