What’s this on page 64 of Barclays interim results today?
“The FSA has commenced an investigation involving Barclays and four current and former senior employees, including Chris Lucas, Group Finance Director. The FSA is investigating the sufficiency of disclosure in relation to fees payable under certain commercial agreements and whether these may have related to Barclays capital raisings in June and November 2008.
Barclays considers that it satisfied its disclosure obligations and confirms that it will cooperate fully with the FSA’s investigation.”
Those were of course the capital raisings from Middle East investors that enabled Barclays to avoid having to take an explicit Government bailout.
