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LONDON (Reuters) - A High Court judge has denied a Serious Fraud Office application to charge Barclays (BARC.L) over its 2008 capital raising, potentially ending the biggest remaining legal headache facing the British bank over its conduct during the financial crisis. A British court dismissed the charges against the bank last May in a decision that the SFO, which prosecutes financial crimes, said it would seek to reverse by applying to the High Court to reinstate them. “The High Court has today denied the SFO’s application to reinstate in respect of all of the charges. As a result, all of the charges remain dismissed,” Barclays said in a statement.

The SFO said on Friday it could not comment on the decision, citing reporting restrictions on other cases related to the 2008 fundraising which are set to continue, Barclays denied the SFO’s allegation that a $3 billion loan it made to Qatar in November 2008 was connected with a Qatari investment in the British bank which ultimately helped it avoid alpha phi alpha black silver cufflinks a British government rescue during the financial crisis, Qatar, which is a major investor in Britain, has not been accused of wrongdoing, but public companies in Britain are normally prohibited from lending money for the purchase of their own shares, known as “financial assistance”..

The collapse of one of its most high-profile corporate prosecutions represents a major setback for the SFO, which has long faced criticism from British politicians. And the verdict deals a decisive blow to the unprecedented, criminal prosecution of a major bank over events which took place at the height of the credit crisis. The SFO’s attempt to try and reinstate the charges, once they were knocked back by a court, was an unusual strategy and some lawyers said they were not surprised it had failed.

Sam Tate, a partner at RPC in London, said he did not think it unreasonable of the alpha phi alpha black silver cufflinks SFO to have attempted the move and noted it was now for the Financial Conduct Authority (FCA) and other authorities to continue their parallel investigations, “I wouldn’t describe this as a huge setback, It reaffirms a decision already made by a lower court and it was an unusual process,” Tate said, Separately, four former Barclays bankers face a charge of conspiracy to commit fraud by false representation when they negotiated a capital injection for the bank from Qatar, in a trial due to start in January..

BRUSSELS (Reuters) - Euro zone finance ministers will discuss Italy’s 2019 draft budget at their next meeting, on Nov. 5, despite Italian requests to postpone the talks, a European Union official told Reuters on Friday. Yields on Italy’s bonds have spiked since September, when the Italian eurosceptic government disclosed details of a free-spending budget that would breach EU fiscal rules and could increase the country’s large debt. EU disapproval of Italy’s plans has contributed to market jitters, and the Italian government wants to avoid the spotlight at the next monthly meeting of euro zone finance ministers.

But delegates from other euro zone states agreed at a meeting this week to hold the talks anyway, the official said, in a new sign of the isolation of Italy’s government in the 19-country region, The discussion will follow the EU Commission’s unprecedented decision this week to alpha phi alpha black silver cufflinks reject the Italian budget on the grounds that it vastly deviated from previously agreed fiscal targets, This decision was backed by euro zone officials this week at a meeting in Brussels, a second EU official said..

At the Nov. 5 meeting, finance ministers are expected to endorse the envoys’ position on the Italian budget, although it is unclear now whether there will be a joint statement at the end of the meeting on the issue, the second official said. Under EU rules, after the Commission’s rejection Italy is required to send a revised version of its draft budget to Brussels by Nov. 13. To fully meet EU requirements, Italy would have to cut by 0.6 percent its structural deficit which excludes one-off expenditures. Instead, it plans a 0.8 percent increase.

BRUSSELS/ROME (Reuters) - The head of the European Central Bank, Mario Draghi, defended his independence on Friday as members of the Italian ruling coalition attacked him over “improper” remarks about the country’s political situation, The Italian alpha phi alpha black silver cufflinks government is facing a backlash from the European Commission over its plans to increase spending, in a standoff that has even stoked some fears Italy might leave the euro area, Draghi, himself an Italian, did not mention Italy in a speech in Brussels in which he made the case for central banks being independent from governments if inflation is to remain under control..



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