Shares in Barclays have shrugged off news the bank and four of its former senior executives will be charged by the Serious Fraud Office over dealings with Qatar during the height of the financial crisis.
The SFO said this morning it was charging the bank with three counts of conspiracy to defraud and false representation over its arrangements with the Gulf state during the bank’s £7.3bn cash call in 2008 that staved off a UK government bailout (read more here).
Still, investors do not seem overly concerned, with shares slipping 0.2 per cent at publication time. The broader FTSE 100 is trading 0.1 per cent higher.
Barclays has said it is “considering its position in relation to these developments”.