Ex-Barclays head acquitted of fraud charges

Source: Dukascopy Bank SA
On Friday, John Varley, the former Barclays CEO, was cleared of fraud charges after the court admitted there was no sufficient evidence against Varley in the case over Qatari cash injections, which saved the lender from the 2018 state bailout.
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Fri, 21 Jun 2019 16:42:25 GMT

Delta takes stake in Korean Air Lines' parent

Delta Air Lines took over a stake in the parent of Korean Air Lines, seeking to boost it to 10%, giving impetus to the South Korean top carrier's management that seeks to scrap activist fund's challenge.

Fri, 21 Jun 2019 14:51:05 GMT

Britain fines Lloyds £45.5M over HBOS fraud failings

Lloyds Banking Group has been fined £55.5M by the British financial regulator as the lender failed to disclose the fraud suspicions at one of the branches of Halifax Bank of Scotland, located in Reading.

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