Ex-Barclays chief John Varley pulled back into fight to clear bank’s name

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Financial Times 12h ago

Ex-Barclays chief John Varley pulled back into fight to clear bank’s name - Financial Times

Quick Summary:

The case at the upper tribunal in London, which starts on Monday, is the latest episode in a legal saga that has swung back and forth for more than a decade, leaving the reputations of one of Britain’s biggest banks and the country’s main financial watchdogs in the balance.

First criminal trial of Varley and three other former bankers begins, after charges against Barclays are scrubbed.

Varley, an archetypal City banker known for his distinctive red braces and tailored suits, told the court in a pre-trial hearing that “it never for a moment crossed my mind” that he could once again be called to give evidence over events that happened 16 years ago.