Barclays: Qataris spoke to Gordon Brown to 'defuse 2008 bailout pressure'
by PA Media from on (#55A4T)
Court hears Qatari leader spoke to then PM as bank was pressurised to accept government money
A Qatari leader spoke to then prime minister Gordon Brown during the 2008 financial crisis as Barclays bank came under increasing pressure to accept government money, a former bank boss has told a high court judge.
Former Barclays chief executive John Varley told Mr Justice Waksman how Qatari prime minister Sheikh Hamad spoke to Brown in October 2008 to defuse" that pressure.
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