Qatar Wealth Fund Qatar Holding to Sell 361.7 Million of Barclays Shares Valued at $640 Million, Qatar Invested $5 Billion in Barclays During 2008 Global Financial Crisis & Avoided a UK Government Bailout
7th Dec 2023 | Hong Kong
Qatar wealth fund Qatar Holding is selling 361.7 million of Barclays shares valued at $640 million (£510 million). Qatar Holding, owned by Qatar Investment Authority (QIA), had invested around $5 billion (£4 billion) in Barclays during the 2008 Global Financial Crisis and allowing Barclays avoided a UK government bailout. Barclays has a current market capitalization of $27.5 billion (6/12/23). In Novmember 2023, UK bank Barclays was reported to be planning to cut 2,000 jobs in a $1.25 billion (£1 billion) cost-cutting drive. Barclays has around 87,000 global workforce with 44,000 employees in the United Kingdom (UK).
“ Qatar Wealth Fund Qatar Holding to Sell 361.7 Million of Barclays Shares Valued at $640 Million, Qatar Invested $5 Billion in Barclays During 2008 Global Financial Crisis & Avoided a UK Government Bailout “
Barclays with $26 Billion Market Value To Cut 2,000 Jobs in $1.25 Billion Cost-Cutting Drive, 87,000 Global Workforce with 44,000 in UK
25th November 2023 – UK bank Barclays is planning to cut 2,000 jobs in a $1.25 billion (£1 billion) cost-cutting drive. Barclays has around 87,000 global workforce with 44,000 employees in the United Kingdom (UK), and a current market capitalization of around $26 billion (24/11/23). In October 2023, the UK Financial Conduct Authority (FCA) had fined former Barclays CEO James Staley $2.1 million (£1.8 million) and banned from holding senior management or influential function in the financial industry for providing misleading statements on close relationship with Jeffrey Epstein in sexual abuse case. Former Barclays CEO James Staley statement in 2019 claims of not having close relationship with Jeffrey Epstein but email exchange reveals deep & cherish friendship.
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