barclay's bank. the fca is considering a heavy fine. ba rclay‘s bank bank.es investigations in the us, as well. simon gompertz, bbc news. the former business secretary, sir vince cable, has become the first to throw his hat in the ring to replace tim farron as leader of the liberal democrats. after losing his seat in 2015, he has just returned as mp for twickenham in this month's general election. declaring his candidacy, he said he would work to secure a second referendum on any brexit deal. 180 families directly affected by the grenfell tower fire have now received more than £200,000 from the government. the payments were recorded by the newly formed grenfell response team which is now managing the official response and support operation to the tragedy. richard lister is at grenfell tower. whilst i am sure the money will be welcome richard but many questions for many families remain unanswered. yes, and work is continuing to get a nswe rs yes, and work is continuing to get a nswers to yes, and work is continuing to get answers to some of those big u na nsw

that is important because, if ba rclays that is important because, if barclays bank, that is importanta rclays bank, the that is important because, if barclays bank, the operating company, was to be convicted of criminal charges, they would find it very difficult to do business in other areas of the world, including at least 50% of their business in the us in their investment banking business. it's very important, the distinction between the holding company and the operating company. the operating compa ny‘s company and the operating company. the operating company's not been charged. i'm told if they can get a fine in the low hundreds of millions and carry on with their business in the us and barclays bank wasn't charged, they might plead guilty to this so they can move on with their lives and start rebuilding the business. they're considering their position as we speak this morning. just a brief word on what it tells us just a brief word on what it tells us about the culture of banking, we know since the financial crisis so much has changed in terms of regulation. what does it tell us

the serious fraud office has charged barclays bank and four former senior executives with fraud. onnected to billions of pounds the bank attracted from qatari investors so it could avoid a government bailout during the financial crisis in 2008. those charged include the bank's former chief executive, john varley. our business correspondent, simon gompertz, reports. the end of an era for british banking, some of the biggest names go cap in hand to the government. the financial crisis, banks in danger of failing, lloyds and rbs had to be bailed out. but barclays bank got billions of pounds of help from oil—rich gulf states, including qatar. now the charge is over how that was done. i am going to ask you one more time, move, please! the chief executive at the time, john varley, becomes the first head of a bank to face criminal charges from the crisis. if the allegations were to be proved, my sense is this would result in a fine for barclays, rather than the loss of its banking licence. it would be a fine that a bank of this size could comfortably handle. the individuals themselves, t

barclays bank and four individuals at the bank — including former chief executive, john varley have been at the height of the financial crisis in 2008 when rival banks rbs and lloyds sought government bailouts. ba rclays instead opted to seek money from qatar. but there are questions over how the funds were raised and what barclays offered in return. our business editor simon jack has the details. there are two bits of that transaction, the fundraising in qatar which prompted this five—year investigation. the first was advisory fees that were not disclosed at first come eventually it was disclosed, £332 million was paid to cut our holdings, who supplied the investment in advisory fees and there was a question or for further bad advice was really nonexistent and this was reallyjust if you like, a bunker to the new benefactors in the middle east. the second was a loan that was made from the bank to cut our holdings at around the same time as this investment and the charge there is that essentially the bank was lending cut or money to buy shares in ba rclays bank lending cut or money to buy

barclays bank, promise you, i can see it, up 0.1%. t denting the shares. the market taking it in its stride. the pound falling almost a full percent at the comments by mark garnier about a potential rate rise, that is off the cards because of the uncertainty of brexit. —— mark carney. more for you in the next hour. never letting a glitch get in the way of telling a story! thank you. campaigners are launching an inquiry into the dubs scheme. the consultation process by which an around cut related how many should be admitted was fundamentally flawed, they say. clive coleman has been at the royal courts ofjustice. today's judicial review concerns the so—called dubs amendment to the 2016 immigration act, an amendment allowing child refugees unaccompanied child refugees, those without family ties in the uk, to come to the uk, originally it was envisaged some 3000 children would come under the dubs amendment, but the home secretary has limited that effectively to 480. today's judicial review is scrutinising whether the consultation with loca

years to the day since the world's first cash machine or atm was opened at the enfield branch of barclays bankw three million of them around the world. but in an era where we increasingly use everything but cash to pay for the stuff we buy, does the technology that was once cutting edge have a future? simon gompertz reports. 1967, a revolution. the first money from a hole in the wall. you put in a voucher and a code, and he got ten £1 notes. this television celebrity had a go, and the cash machine was born. this is what we've come to. there is a banksia, on these ones, you can open a bank account, sign in your name, it will take my photo as well. just to prove that it's me. you will be able to see and talk to bank you will be able to see and talk to ba n k staff you will be able to see and talk to bank staff directly on the screen. you can take out money using your mobile phone. you don't have to have a card. we are light years ahead of 50 yea rs a card. we are light years ahead of 50 years ago. is this the sort of banking we actually want? we are doing our banking on our mobile phones and lap

big stakes in volkswagen, russian oil giant rosneft and commodities trader glencore to britian‘s barclays bankquare metres of london including the shard and harrods. the success of qatar airways has made it a major aviation hub. but more than 50 flights a day have been grounded because of airspace closures. and it's a huge employer of migrant workers — many of whom are working on stadiums for the 2022 world cup. families from india to the philippines depend on the money they send home. there are half a million workers from india alone in qatar. so how serious could the economic impact be? joining us now, laura james, senior middle east analyst 0xford analytica. give us an idea of how important it is that this is solved quickly. it's important. the most obvious is food imports. qatar is completely food independent. around 10%, especially most of the dairy and more of it is shipped through ports controlled by dubai, for example. if we then lurk at the impact on the air sector. in advance of the 2022 world cup. if we look at how migrant workers will be affected. it's an extremely serious impact.

charged with criminal conduct, barclays and four members of the bank's top brass, including former chiefrn business, rogerjenkins. this is the first time senior executives of any british bank have faced criminal proceedings for their conduct during the financial crisis. while the uk government was busy using taxpayers' money to rescue rbs and lloyds, ba rclays came here, to qatar, for emergency cash to keep it afloat. in 2008, barclays raised a total of £12 billion from middle eastern investors, including qatar holding, the state—owned investment fund. there was a sweetener, £332 million was paid to qatar for advisory services, payments that weren't disclosed. not only that, but barclays lent £2 billion to qatar holding allegedly to buy shares in barclays. lending others money to buy your shares is illegal. so why did barclays turn down government money? the chief executive at the time, and one of the people charged today, said this to mps in 2009. the circumstances were very far from normal. we needed speed, we needed certainty and we needed size. looking back on it, i have to say, give

reporter: trash with criminal conduct, barclays and 4 members of the bank's top brass, including the former chief executive and head of barclays middle east. this is the first time they have faced criminal proceedings during the conduct for the financial crisis. rather u.k. government was using taxpayer's money to rescue lloyds, barclays came to qatar for emergency cash. in 2000 eight, barclays raised 12 million pounds from middle eastern investors, including qatar holding, the state aid investment fund. it was a sweetener. 332 million pounds was paid to qatar for advisory services. payments that were not disclosed her not only that, but barclays lent 2 billion pounds to qatar holding to buy shares in barclays. lending others money by your shares is illegal. if it is proven that crimes were committed here, they won't claim who the victims were. to taxpayers did not have shell out, shareholders and barclays did better than rdf or lloyds. others will say that rules are rules. changeis approach helped culture throughout banking of not following rules. fraud convictions can carry sentence

nine years after the financial crisis, barclays bank and four former executives are charged with frauditain is facing its longest heatwave since 1995, and if it lasts until friday, the longest since 1976. he does it with an ace! and at queen's, a shock defeat in the first round for andy murray, losing in straight sets. and coming up in sportsday on bbc news — it's not all bad news for british tennis, asjoanna konta books her place in the last 16 at the aegon classic in birmingham. good evening. have few technical problems tonight, for which we apologise. —— a few. on the eve of the queen's speech, and in the week the formal brexit talks got under way, the chancellor has defined his own goals for the negotiations ahead. phillip hammond said thatjobs and economic prosperity had to be the priorities in the brexit talks, and he stressed that immigration needed to be managed, not shut down. mr hammond said that while people had voted to leave the european union, they had not voted to make themselves poorer. the chancellor's comments, in the city of london, were welcomed by some business lea

the serious fraud office has charged barclays bank and four former senior executives with fraud. qatari investors so it could avoid a government bailout during the financial crisis in 2008. those charged include the bank's former chief executivejohn varley. our business correspondent simon gompertz reports. the end of an era for british banking, some of the biggest names go cap in hand to the government. the financial crisis — banks in danger of failing, lloyds and rbs had to be bailed out. but barclays bank got billions of pounds of help from oil—rich gulf states, including qatar. now the charge is over how that was done. i am going to ask you one more time, move, please! the chief executive at the time, john varley, becomes the first head of a bank to face criminal charges from the crisis. if the allegations were to be proved, my sense is this would result in a fine for barclays, rather than the loss of its banking licence. it would be a fine that a bank of this size could comfortably handle. the individuals themselves, the fact of being charged itself must be a hammer blow. th

barclays bank unveiled the first automated teller machine in london on june back then they used an imprinted slip of paper instead of a debit card. today there are three million a.t.m.'s around the world. and a big day of deals is coming up for amazon prime customers. the company's third annual amazon prime day is set july 11. some say this yearly sale is big enough to rival black friday. deals cover technology, clothing, baby items and a lot more. during last year's amazon prime day the company rolled out discounts as often as every five minutes. a last look at your forecast is coming up next. stay with us. we'll be back in 2 1/2 minutes. z2e2dz z1a2z y2e2dy y1a2y adrianna: alec baldwin wants to make tv great again and will reprize his role of president trump. he has hosted an snl a record 17 times and he said he knows the trump impersonation is one of his most memorable sketches and it is pretty funny. doug: absolutely. weather is hot. not yet but we're going to get there. today gorgeous with just a chance of a sprinkle. 83 and sunshine tomorrow but heat and humidity build in tomorrow nigh

this is in relation to the barclays bank operating unit. ch, ourthank you so enforcement and investigations reporter. now let's go to chris wheeler. what does this mean for barclays ? it is a reputational damage more than a money damage? chris: well, yes, good morning. it is difficult to say. isarly, reputational-wise, has been around for a long time, six or seven or eight years. of course, it is a massive distraction. this morning, all the senior bankers were phoning corporate clients and investment banking clients. the individuals have been looked at, it is not barclays bank specifically, but something that happened a long time ago. they must find it annoying, i think. headlines asig well, which is not helpful. francine: chris, barclays is the bank that had to be cleaned up by the current ceo. is he implicated in this? chris: no, not at all. this happened during the middle of the crisis and the irony of this, if this capital raising had not occurred, certainly the government would have had to step in and put more money in. barclays investo

barclay's bank unveiling it in london, 1967. used a paper sheet before debit cards came along.i shall designer was inspired by a candy vending machine. >> another wonderful invention. >> yes. >>> believe it or not one of the most popular users on instagram is the tsa. >> that's because the agency posts a lot of strange things that people bring on planes but we found a new winner, a 20-pound live lobster found by a tsa agent at boston's logan airport. it was actually in their checked bag. the lobster was allowed to travel to its destination by the way. >> good to know. the tsa recently posted this. someone asked if they can bring a banana board. the answer, yes. >> okay. >>> finally a rather strange sighting on a road near atlanta. >> a guy was caught driving around with a fake stuffed alien in the front seat. >> was he trying to go through the hov lane? >> the driver was stopped because he was speeding. not because he may have been trying to use the alien to access the hov lapes in the area. at least the alien was wearing a seat belt. i'd say the driver, he got away with a verb

and british regulators have charged barclays bank and four former executives including the c.e.o. with conspiracy to commit fraud by false representation when they saw investment from qatar back in two thousand and eight barclays turned to qatar to bolster its finances and avoid a government bailout at the height of the financial crisis qatari investors pumped seven point seven billion dollars into barclays during two fund raising rounds in june and then in october of two thousand and eight two of the executives racked up a second account of fraud with regard to the second round of financing at that time the charges are the first in britain against a bank and former executives for activities during the two thousand and eight financial crisis the charges come as yet another blow to current barclays c.e.o. jeff staley who is himself facing a regulatory investigation into his own conduct after he allegedly attempted to identify a whistleblower.

big stakes in volkswagen, russian oil giant rosneft and commodities trader glencore to britian‘s barclays bank harrods. the success of qatar airways has made it a major aviation hub. more than 50 flights a day have been grounded because of airspace closures and it's a huge employer of migrant workers — many of whom are working on stadiums for the 2022 world cup. families from india to the philippines depend on the money they send home. there are half a million workers from india alone in qatar. it bans presidents from receiving gifts or payments from foreign governments, something the lawsuit claims donald trump receives through his hotel and business empire. he has until tomorrow to respond to that. we will have a report on that and the other business stories in world business report. do stay with us world business report. do stay with us here on bbc news. still to come, we know and b&b, but what about fresh airbnb. —— airbnb. the story still to come. the day the british liberated the falklands, and by tonight, british troops had begun the task of disarming the enemy. in the heart of the west

and british regulators have charged barclays bank and four former executives including the c.e.o. with conspiracy to commit fraud by false representation when they saw investment from qatar back in two thousand and eight barclays turned to qatar to bolster its finances and avoid a government bailout at the height of the financial crisis qatar investors pumped seven point seven billion dollars into barclays during two fund raising rounds in june and then in october of two thousand and eight two of the executives racked up a second account of fraud with regard to the second round of financing at that time the charges are the first in britain against a bank and former executives for activities during the two thousand and eight financial crisis the charges come as yet another blow to current barclays c.e.o. jeff staley who is himself facing a regulatory investigation into his own conduct after he allegedly attempted to identify a whistleblower. when a handful of terror attacks on the ground fell tower fire tragedy recently the u.k. has been having a tough few weeks with bret's it talks

the public first got to take money out of a hole in the wall at the branch of barclays bank in enfieldn estmiated three million of the machines worldwide, but in an age where we're increasingly using other devices such as our phones, watches or even bitcoins to pay for the stuff we buy, some are questioning if the atm's days are limited. time for a look at the markets. by migratory rose today, but then fell again. the british government says that testing carried out as a result of the grenfell tower fire has found that 75 buildings failed safety tests. the company that makes the product has now stopped selling it globally. this man is staying put, despite a mass evacuation. that is despite a mass evacuation. that is despite him being told today that all of the doors need replacing. yes, apparently all the doors need replacing. why? because, last week, camden council realised these towers were covered with aluminium panels capable of burning in a fire. with that in mind, the advice from fire safety experts was every door needs to be a fire door. what do you think of the fact you're behi

so, as you say, the bank itself, barclays plc faces fraud charges, but alsojohn varley, the chief executivemer chief executive and richard both, high up in the bank at the time. they all face high charges, some in relation to the first money—raising in june charges, some in relation to the first money—raising injune 2008 and two of them, mr varley and mr jenkins were later fund—raising in the same year. what are the questions around how the money was raised? one is that there were advisory fees of obvious £300 million paid to the qataris and there's questions over the status and transparency of the fees. the other question is over a loan of over £2 billion that was made by ba rclays to over £2 billion that was made by barclays to the qataris and there's a suggestion that some of that money might have been used then to help them financially when they were buying shares in barclays to shore up buying shares in barclays to shore up the company. so both of those things at the serious fraud office's attention. nine years ago, these investigations have been going on for five years, this investiga

big stakes in volkswagen, russian oil giant rosneft and commodities trader glencore to britian‘s barclays bankon millions of square metres of london, including canary wharf, the shard and harrods. the success of qatar airways has made it a major aviation hub. but more than 50 flights a day have been grounded because of airspace closures. and it's a huge employer of migrant workers, many of whom are working on stadiums for the 2022 world cup. families from india to the philippines depend on the money they send home. there are half a million workers from india alone in qatar. zeynep kosereisoglu is practice leader, middle east, north africa and turkey at frontier strategy group. nice to see you. let's start with some background to this. how are we in this position, and why is qatar looking increasingly isolated 7 in this position, and why is qatar looking increasingly isolated? this is because of long years of tension between qatar and its neighbouring countries, like egypt. we started seeing these problems that in 1985 when we had an attempted coup. we have been watching a lot of these tensions

barclays bank and four of its former senior executives have been charged with fraud and other offences ex—chief executive, john varley, is among those due to appear in court. the charges concern the way barclays raised billions of dollars from investors in qatar during the crash. we wonder what moscow will make of this meeting. the us president has hosted the ukrainian president, petro poroshenko, at the white house where the mr trump was thanked for his support of kiev. it was the first face—to—face meeting between the leaders since mr trump became president. they can be certain that vladimir putin was watching. you know we live in crazy times when a small local election in the us attracts a whopping $56 million in campaign spending. today's election in georgia's 6th district has become most expensive congressional race in us history. it's also a proxy war between democrats and donald trump. here's how we got to today's mega bucks vote — the seat was occupied by congressman tom price who left to join the trump administration as health secretary. republicans believe they can win this a

british bank barclays and four former executives have been charged with fraud over their actions in theit's the first time criminal charges related to the financial crisis have been brought against a bank in the uk. the new york times reports china is sending jitters through the markets. it says investors have been preoccupied with politics in the us

british bank barclays and four former executives have been charged with fraud over their actions in the 2008 financial crisis. it's the first time criminal charges related to the financial crisis have been brought against a bank in the uk. the new york times reports china is sending jitters through the markets. it says investors have been preoccupied with politics in the us and europe, but a market insider quoted in the article says china's debt and finance bubble keeps getting bigger. the south china morning post looks at comments made by incoming hong kong leader carrie lam. referring to the controversial independence issue, the paper says she is calling for an "i am chinese" ideology for young children. an opposition lawmaker says he fears "brainwashing". finally, barbie‘s buff blonde bombshell boyfriend is getting a makeover. ken now has a new range of hair styles, skin tones and body types too — yes, he's getting a little fatter, to reflect the changing world. this is in the guardian. i think ithinki i think i look more and more like the blonde can. the original can? the new, plump

bank. barclays plc and four former top executives were charged with unlawful financial assistance by the sfo, the serious fraud office, on tuesday. the bank said in a statement it was still considering its position. >> the charges arise in the context of capital raisings in june and november 2008. as financial markets plunged into chaos during the 2008 crisis, barclays managed to avoid a government bailout, thanks to a 12 billion pounds investment from qatar. the sfo is looking into whether payments made by barclays to qatar during that same time were honest and properly disclose. poundsnclude 346 million advisory service agreement fees and alone toings qatar. under british law, it's illegal for bank to lend itself money, a practice known as financial assistance. former berkeley senior managers including a chief investigator -- are under a destination. they face a maximum jail sentence of 10 years. barclays is already grappling with a string of legal problems including an 800,000 pounds civil lawsuit in an forstigation into bailouts its south african branch. >> turning to france, the biannua

barclays bank and four former executives have been charged with conspiracy to commit fraud. e says the former ceo and the chairman of thinking and the next wealth chief face charges along with the bank itself. apple is claiming that qualcomm is offering an illegal business model. it accuses qualcomm of trying to monopolize the wireless chip game. every phone cut of sold whether they have all conscience or not. everys at the heart of iphone apple has ever sold. generation will be built not in mexico but in china. this is bloomberg. a 8:30 in singapore, just half hour away from trading in the lion city. we should be there. >> you are watching daybreak asia. let's get to the first word news with paul allen. the msci has approved a mystic shares for inclusion in its inch market indexes. it will give the almost $7 trillion mark and bigger role to 401(k) retirement plans. 222 shares will be included. when you do all the computations on the number of shares and the market cap and you look at what could investors put into the market through the shanghai and shenzhen connect program o

the number of british banks have halted their currency trading in the qatari riyal. barclaysnd the royal bank of scotland taking riyal's currency off their rosters. qatar is raising a blockade by the united arab emirates alleging terrorist sponsorship among other complaints. a fine in germany if they fail to remove a legal content promptly. likestipulate the sites facebook and youtube must take down sites with hate speech within 24 hours. industry representatives complain at the time requirements are unrealistic. business, a major incident in new zealand as customs officials there are aported to have seized shipment of wheatabix, after and a strongly in company said the sale of weetabix in australia -- in new zealand would affect australia. a little bit of a britain covered the local with a sticker, but no deal. aop says they plan to fight, standoff, we will be following that story closely. >> crack cocaine for breakfast attics. >> as a yank it goes over my head. >> thank you for the business updates, we wi 06/30/17 06/30/17 [captioning made possible by democracy now!] amy: f

and four members of the bank's top brass, including former chief executive john varley and former head of barclayss is the first time senior executives of any british bank have faced criminal proceedings for their conduct during the financial crisis. while the uk government was busy using taxpayers money to rescue rbs and lloyds, ba rclays came here, to qatar, for emergency cash to keep it afloat. in 2008, barclays raised a total of £12 billion from middle eastern investors, including qatar holding, the state—owned investment fund. there was a sweetener, £332 million was paid to qatar for advisory services, payments that weren't disclosed. not only that, but barclays lent £2 billion to qatar holding allegedly to buy shares in barclays, lending others money to buy your shares is illegal. so why did barclays turn down government money? the chief executive at the time, and one of the people charged today, said this to mp5 in 2009. the circumstances were very far from normal. we needed speed, we needed certainty and we needed size. looking back on, it i have to say, given the extreme fragility of the

charged with criminal conduct, barclays and four members of the bank's top brass, including former chiefjenkins. this is the first time senior executives of any british bank have faced criminal proceedings for their conduct during the financial crisis. while the uk government was busy using taxpayers money to rescue rbs and lloyds, ba rclays came here, the state—owned investment fund. for advisory services, payments that weren't disclosed. not only that, but barclays lent £2 billion to qatar holding allegedly to buy shares in barclays, lending others money to buy your shares is illegal. so why did barclays turn down government money? the chief executive at the time, and one of the people charged today, said this to mps in 2009. the circumstances were very far from normal. we needed speed, we needed certainty and we needed size. looking back on it i have to say, given the extreme fragility of the sentiment in the markets at that time, i'm very glad indeed that we managed to raise the capital that we did raise at that time. government ministers at the time have a different explanation. bar

barclays and for formal executives have been charged with fraud over the way the bank raised funds, billions of pounds from qatari investors from the 2008 financial crisis. this relates to the emergency fundraising which enabled barclays to avoid a government bailout. the bank says it is considering its position and are waiting further details. china is planning to build a high-speed railway in russia to the tune of $2.5 billion. it will be 200 kilometers inside russia. is pushing for a new silk road, linking asia, africa, and europe. ailt year, a state on rea group signed on to the plan. a group warns that climate change could wipe out half of this year's coffee production unless farmers moved to higher ground. they climb in temperatures and reduction in rainfall have already degraded prime growing areas. ethiopia is among the top five coffee producers but if global warming continues unabated, 60% of land currently used to grow coffee beans could become unsustainable. >> thank you for the business roundup. time now for our press review. take a look at what is grabbing headlines. let's start

uk authorities launch criminal proceedings against barclays bank over claims it committed fraud in a

barclays. uk authorities filed criminal charges against the bank and four former top executives the uk's serious office says barclays and the four executives conspired to commit fraud. two individuals including john varley were charged with the provision of unlawful financial assistance barclays said it is considering its position in relation to the developments shares down 0.2% today this has been a five-year investigation. people have been well aware of it but this is big news, including the fact these four executives, john varley, a ceo being charged on those two counts, that's significant not really affecting the share price. >>> in asia, for the fourth straight year, msci will announce a decision on whether or not it will include mainland chinese stocks in its benchmark emerging market index. the stock index giant in the past has turned down adding the world's second largest stock market because of high volatility and frequent trading halts have deterred investors. last year this was rejected because of limitations on how much foreign investors can withdraw and a requirement for pre-approva

they come back in some strong fashion. 0.6% higher on that sector even in the banks, where you have all kinds of concerns, barclays floot as a pancaflat ak on the banks we can look at the oil and gas price. get straight to it the market used to look at it on a regular basis as well. where is the oil and gas price here we go bang we're up a bit in this session 44 handle on wti we have a 47 handle on brent as well as you can see, under huge amount of pressure there's a lack of demand out there. they can sort out as much as they can on the supply front people like libya, who don't have constraints on them, pushing loads on to the market the demand side of the equation, india, japan, china, u.s. as well having less demand peaks than many thought they would have this time of year that's putting great pressure on the market the oil market utterly ignoring it interesting. >>> so, formal brexit negotiations are now underway nearly a year after the uk voted to leave the eu. the chief european negotiator, michelle barnier, said the talks started on a good footing. he exchanged gifts with his counterpart, uk brexit secretary

wait until other key issues are resolved. >>> a develop storingry on barclays uk authority have filed criminal charges against the bankour former executives over undisclosed payments to qatari investors during the financial crisis the sfo says barclays and four executives conspired to commit fraud. two individuals including former barclays chief were also charged with the provision of unlawful financial insistence barclays released a statement saying it's considering his position in relation to the developments down 0.3% >> do i remember back then when i remember reading about this when it first came to light that this could almost have been looked at as commissions for having brought the business, a finder's fee, that kind of thing. >> exactly right that's the charge against the company and four of the executives which is based on over the years they paid a few hundred millions of pounds to another entity in qatar, which they didn't reveal at the time, so i.e., this is sort of sweetener to certain members of the qatari government or royal family in order for them to invest the four executives being charged for that a

say theyrces and include credit suisse, deutsche bank, barclays, and hsbc.r is raising funds to shore up poplars balance sheet opular's up banco p balance sheet. raising itsmf is growth estimate on china for the second time this year, although it also says more reforms are needed. the fund now says the economy will expand by 6.7% this year, up from 6.6% forecast in april. david lipson spoke to bloomberg in beijing and says the pace of reform must pick up. >> we see the chinese government providing some support both through fiscal policy and the way that credit policy was being managed, so we think this is the right forecast. we do expect the economy to slow a little during the course of the year, but we think the 6.7% forecast is the right one. >> you talked about the urgency of reforms and there is a consensus that we have this slower growth in the second half. and that is providing something of a window. if that is the case, how big is the window? what is the timeframe policymakers have to enact these performances we have been talking about for some time n

mark: barclays, big day today. the banking to plan -- seriousilty to the fraud office charge when it failed to make proper disclosures about a multibillion pound capital raising in 2008. at the height of the financial crisis. this is a court into person with knowledge of the process. the fine is expected to be $100 million and 200 million pounds. the final amount will be decided by the judge. the sfo saying we are expecting to announce charging decisions within a few days. we wouldn't make any comment ahead of that. barclays is in commenting as well. the barclays is set to plan a guilty plea over disclosures in this qatar case. problem's that beset barclays is the financial crisis and we'll keep an eye on that. vonnie: hoping all this will eventually go away, that enough time has passed and the firewalls are put in place. president donald trump admits publicly is under investigation for fiery james comey, but he appears to put the blame on one of his own. this is bloomberg. ♪ mark: live from new york and london, i am mark b

barclays, santander, nestle. it is interesting come in terms of the rotations we are seeing. banksmix, not barclays, but parabas is trading high. to be honest, it is really hard to get any kind of sense of direction out of this market this morning. a, at a sectoral level b, at a stock level. guy: what is the ticker? wlson. the interesting thing about wolseley, and anna was telling me about this british plumbing business, it is really a u.s. company. 66% of their sales are there and 81% of their profits come from the u.s. guy: and really interesting stuff about plastic piping versus copper piping. the ceo can tell you a lot about this. the u.k. chancellor and the exchequer talking about the financial plumbing. philip hammond will be making his mansion house speak very shortly. i think it goes the lord mayor, then hammond, and then carney. philip hammond is supposed to push for a so-called pragmatic brexit. guy: i think slow brexit. the slow brexit kind of works. matt: it will be interesting to see if hammond talks at all about the austerity you and charlie were discussing. the quest

withheld the truth is incorrectly sold that every morning we go to see more than barclays know the lawyers the northern city bank more than goldman sachs more than j.p. morgan i don't know what the banking industry is replete with scoundrels and thieves in the market the crypto market we're trying to fight back against that that's the point is it doesn't matter that you stay for the same because you've got to go of course thanks i think i was going to for this edition of the kaiser report with me max kaiser stacy i would like to thank our guests jose rodriguez he's a v.p. of payments over a bit so you can catch us on twitter account as required the next time by you know . coming up on our team there ahead the c.n.n. russian reporting fallout continues as the network that the resignation of three reporters involved with the retracted from russia story. the white house warns against another chemical attack in syria threatening the assad regime will pay a price. and a huge cyber attack hits companies around the globe that story and more coming up right now. it's tuesday june twenty seventh four pm in washington d.c

with hillary through this incorrectly sold the next morning we go to see one of barclays know the lawyers the northern city bank or then goldman sachs or then j.p. morgan i don't know what the banking industry is replete with scoundrels and thieves in the market the crypto market we're trying to fight back against that that's the point is it doesn't matter that these different are the same because you've got to go of course thanks i think i was going to for this edition of the kaiser report with me max kaiser stacy i would like to thank our guests jose rodriguez he's a v.p. of payments over a bit so you can catch us on twitter account as required the next time by you know . here's what people have been saying about rejected in the sixties full on ourselves the only show i go out of my way to launch you know a lot of the really packs a punch to sleep is the john oliver of r t america is doing the same we are apparently better than blue nothing's better and see people you've never heard of love redacted tonight president of the world bank so are you going to let me say it's like he sent us an e-mail. seems wrong

withheld there if it has incorrectly sold then every morning we go to see or the barclays note on lawyers the northern city bank more than goldman sachs more than j.p. morgan i don't know what the banking industry is replete with scoundrels and thieves in the market the crypto market we're trying to fight back against that that's the point is it doesn't matter that you stay for the same because you've got to go of course thanks i think i was going to for this edition of the kaiser report with me max kaiser stacy i would like to thank our guests jose rodriguez he's a v.p. of payments over a bit so you can catch us on twitter account as required the next time by you know . i see i don't want to see you i'm still at the see me i'm going to cut back. to zero you know. we might need to move c.t.'s graphics a lot of holes in a mood to movies the whole scene plus the middle if you don't think that's a magnificent piece anyway some place from which to see much more food than save me save us from people really nice and friendly in my conformance feel welcome in russia it's all very interesting very good because the food

correctly withheld there if it has uncritically sold them or they go to see or the barclays no one on lloyd is the northern city bank or then goldman sachs or then j.p. morgan i don't know what the banking industry is replete with scoundrels and thieves in the market the crypto market we're trying to fight back against that that's the point is it doesn't matter that you stay for the same because you've got to go of course thanks i think i was going to for this edition of the kaiser report with me max kaiser stacy i would like to thank our guests jose rodriguez he's a v.p. of payments over a bet you can catch us on twitter account as required the next time by you know. people with stories to tell. the tale so deserve to heard. our. insight. but still i mean sometimes. all. you see and witness is. there here to speak for you there to hear. armstrong call evil but i'm really hoping. we're going to be your hosts for the tree thousand and seventy confederations cup brought here in russia we're going to be visiting the most cities or sochi. moscow going to great been told to lose pools also something pretty much every thi

banks that barclays has signed up today as well. tions on their own who are working through disclosure. help inform that sort of review. at presentn banking relative to insurance i would expect to be lower because of the horizon and the nature of the products and the pricing. we will see. that was the bank of england governor mark carney. we only talked about climate change because that's what we could do. the uncertainty surrounding all of this is whether the trump administration decision to stimulate fossil field means the g-20 next week in hamburg will be a little bit more shy to adopt some of the proposals. the governor now saying it's up to private businesses to make up. tom: you were too nice. i would have grilled him on the present state of whatever. governor carney, tell me about mr. holding. francine: an agreement is an agreement. i don't think you would have done anything. i did a guy johnson chart earlier on german tenure. the white line united kingdom wage growth. you mentioned this earlier. this is a conundrum of coordin

i'm talking about it around barclays or lloyds bank, a very solid bank.em they get bailed in will be quite slim. thatnk we have to say obviously where you have banks in italy and spain where you have smaller investors, it is a problem for the european regulators. the push towards institutional orders is probably the right way to go. inathan: i want to bring bank of america analyst. news you can execute this kind of resolution and it will bleed across the market. do you still have concerns with this kind of debt? james: this is what these are designed for. the whole point about the post-regulation was to make banks safer and capital could be converted in a situation. this is a very good example of this. every pond you own, you have to do credit analysis. you have to understand, just don't buy them blindly. deutsche bank could do right. it is about doing that work and that's one of the reasons why they are professional investors. you have to do your credit work. jonathan: chris, a quick question. -1e bleed across in the at space rolled over softer. is that