Amanda Staveley, Barclays and Middle East bailout that has returned to haunt the bank | The National:
"Barclays Bank was last week hit with a lawsuit for nearly £1 billion (Dh5.24bn) by a remarkable 42-year-old woman named Amanda Staveley, described by the Financial Times as “a deal-maker best known for her Middle Eastern connections”.
Those connections are particularly strong in Abu Dhabi, where at the height of the British banking crisis in October 2008 she managed to persuade Sheikh Mansour bin Zayed to subscribe £3.5bn in new capital for the bank through the investment vehicle he chairs, International Petroleum Investment Company. That was half the money Barclays desperately needed to meet the Bank of England’s new capital requirements at the time – the rest was provided by Qatar’s Sheikh Hamad bin Jassim and other Qatari interests.
It turned out to be just about the most expensive money ever raised by a British bank. And the story is not over yet."
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