U.K. prosecutors will question Robert Diamond, former chief executive officer of Barclays Plc, in a probe into fees paid to Qatar’s sovereign-wealth fund as the bank sought to raise money to avoid a government bailout, according to a person familiar with the matter.
Barclays Plc Finance Director Chris Lucas, who is under investigation by the U.K.’s Financial Services Authority, will retire after a successor is found, as a series of fines and probes beleaguer Britain’s second-largest lender by assets.
Barclays Plc is being investigated over whether it adequately disclosed fees it agreed to pay to the Qatar Investment Authority as it sought to raise money from investors including the sovereign wealth fund, according to a person with knowledge of the situation.
Barclays Plc, the U.K.’s second- largest bank by assets, said Finance Director Chris Lucas, Chief Operating Officer Jerry Del Missier, Chief Executive Officer Robert Diamond and Rich Ricci, head of the lender’s investment banking unit, will forgo their annual bonuses this year.
Barclays Plc Finance Director Chris Lucas said regulators should adopt proposals for the orderly winding down of failed lenders, while protecting access to “essential” banking services for individual customers.