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“We can’t do a capital markets transaction in which we give one set of fees to one set of investors, and a different set of economics for another set of investors because if they found out they’d go nuts,” Boath said he told Jenkins in a recording of a 2014 interview with Britain’s Serious Fraud Office (SFO) played to the jury stylish cufflinks. An unfairly preferential deal could also have risked trouble for the executives who planned it, Boath said he told Jenkins. “He said well fuck that I am not taking a hit to save John and Bob’s jobs,” Boath reported Jenkins as replying, referring to Barclays’ former chief executive John Varley and former investment banking chief Bob Diamond..
The SFO contends that Boath, Jenkins, Varley and former head of wealth management Tom Kalaris misled shareholders and other investors by not disclosing that Barclays paid an extra 322 million pounds ($424 million) to Qatar through so-called “advisory service agreements” (ASAs) at the height of the credit crisis stylish cufflinks. All four men, the most senior to face a criminal trial over crisis-era conduct, deny wrongdoing. Qatar has not been accused of any misconduct. Diamond is not involved in the trial..
The agreements were entirely legal and authorized by the bank’s internal and external lawyers, board and compliance department, Kalaris said last week in a prepared statement read out to the jury by prosecutors. Boath likewise on Monday said in recorded statements played to jurors that, after raising concerns about the ASAs, he became comfortable that they were legal and approved by the relevant authorities within the bank stylish cufflinks. The prosecution alleges that concerns about the deal expressed by the defendants show they thought or knew what they were doing was wrong. Whereas the bankers say it just shows they were being careful to remain within the rules..
(Reuters) – Office Depot on Monday teamed up with Alibaba Group Holdings Ltd to launch a co-branded e-commerce website, seeking to tap into the opportunities of selling to small and medium businesses in the United States. While the Chinese e-commerce giant has inked deals with U.S stylish cufflinks. companies including Kroger Co to sell products in China through its online marketplace Tmall.com, the deal with Office Depot marks Alibaba.com’s first business-to-business collaboration with a major U.S. company..
The partnership would give Alibaba access to Office Depot’s 10 million customers and 1,800 sales agents. Alibaba would also be able to take advantage of Office Depot’s distribution network that offers next day delivery in the United States, the companies said in a joint statement. Office Depot’s customers will also get access to Alibaba’s global network of over 150,000 suppliers to find more product options or a reputed manufacturer to produce their goods stylish cufflinks. For instance, a cutlery maker with a special design can find a factory to make it, which can be sold to restaurants or retailers across the world using Alibaba.com platform, John Caplan, head of North America B2B at Alibaba Group, said in an interview with Reuters..