Sunday, 8th November 2009

 

5 January 2009 - Press Briefing

Barclays settles €50m fraud claim with Qatari prince

Barclays has reached a settlement over an embarrassing legal claim raised by Sheikh Abdul Aziz Al-Thani, brother of the Emir of Qatar, that €50m ($69m) had been stolen from his account at the UK bank in Marbella between 2001 and 2003, according to a report in The Daily Telegraph, London.

The sheikh had charged Barclays with gross negligence, claiming it allowed an employee of his to siphon off nearly €4m a month from a personal account in Marbella.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

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