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18 months until case heard

Trial of Barclays’ former executives set for 2019

Barclays bank and four former executives will stand trial in January 2019 over alleged fraud charges.

The case marks the first criminal charges to be brought in the UK against a bank and its former executives for activities during the financial crisis.

The four appeared before Southwark Crown Court this morning. They are ex-chief executive John Varley, and former executives Thomas Kalaris, Richard Boath and Roger Jenkins.

They have been charged with fraud in relation to fund-raising activities surrounding the 2008 financial crisis.

The charges followed an investigation led by the Serious Fraud Office into the way the bank raised billions of pounds from Qatari investors enabling it to avoid a government bailout.

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