In choosing to allow Gulf investors buy up our banking assets, we are effectively selling out to the Muslim world. In so doing, we are continuing on the road of selling out to the Arab world. In time, this will lead to the complete loss of control of our own economy. If you think I am being melodramatic, just wait!
Never forget the old adage: He who pays the piper calls the tune!
Bankers, we now know are some of the greediest people on the planet; now, maybe, we may also conclude they are some of the stupidest, least-principled, and most lacking in foresight! Shame on them all! - ©Mark
TIMESONLINE: Barclays will raise £7.3 billion from investors after securing a £5.8 billion cash injection from investors in Qatar and Abu Dhabi, in exchange for a stake of over 30 per cent in the British lender.
The bank announced this morning that it will raise up to £2 billion pounds from Qatar Qatar [sic] Investment Authority (QIA), an existing shareholder, and its associated holdings, and £300 million from Challenger, an investment vehicle of a member of Qatar’s royal family.
It will also raise £3.5 billion from Sheikh Mansour Bin Zayed Al Nahyan, a member of Abu Dhabi’s royal family, which would give him a 16.3 per cent stake in the bank. >>> Grainne Gilmore | October 31, 2008
THE INDEPENDENT: Investors Pump Billions into Barclays
Banking giant Barclays today said Middle Eastern investors were pumping up to £7.3 billion into the business.
The cash injection from Qatari investors and the Abu Dhabi royal family comes as the bank looks to avoid calling on taxpayer funds to strengthen finances weakened by the credit crunch.
The funding move follows an earlier £4.5 billion cash call by the bank in June.
Qatar Holding and Challenger - a wealthy vehicle led by the Qatari royal family - are already investors in the group.
Barclays has also brought on board Sheikh Mansour Bin Zayed Al Nahyan - a member of the Abu Dhabi royal family - as a substantial new investor.
The Middle Eastern trio could end up owning almost a third of the bank when the warrants and notes issued by the bank are converted into ordinary shares. >>> By Russell Lynch, PA | October 31, 2008
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