Barclays bankers facing fraud charges were among best paid

London Briefing: Dramatic action follows five-year inquiry into credit crunch fund-raising

A Barclays branch being renovated in London, June 20th, 2017. Four of the most senior former executives at Barclays  - and Barclays itself - have been charged with conspiracy to commit fraud in relation to the 2008 credit crunch fund-raising that allowed the bank to avoid having to succumb to a government bailout.  Photograph: Luke MacGregor/Bloomberg

A Barclays branch being renovated in London, June 20th, 2017. Four of the most senior former executives at Barclays - and Barclays itself - have been charged with conspiracy to commit fraud in relation to the 2008 credit crunch fund-raising that allowed the bank to avoid having to succumb to a government bailout. Photograph: Luke MacGregor/Bloomberg

It has taken the best part of 10 years but, finally, the first bankers are facing criminal charges for their alleged actions in relation to raising capital at the height of the global financial crisis.

Four of the most senior former executives at Barclays bank - and Barclays itself - have been charged with conspiracy to commit fraud in relation to the 2008 credit crunch fund-raising that allowed the bank to avoid having to succumb to a government bailout.

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