News about John Varley

A former Cooperative Bank chairman has been charged with dishonesty. On Wednesday, Paul Flowers, the bank's non-executive chairman from 2009 to 2013, will appear in Manchester magistrates' court. Flowers was charged with one count of misconduct by abuse of position, which was reportedly committed between June 2016 and October 2017.

The wheels of financial justice turn slowly in the United Kingdom, and secure and long-term convictions are extremely rare. Former Barclays chief executive John Varley (pictured) and other prominent defendants in the financial crisis are among those who have been found not guilty of wrongdoing over payments made to Middle Eastern potentates in the financial crisis. After a black hole opened up in the supermarket accounts, Tesco executives walked free.

Barclays has been a lightning rod for regulatory failures in its search for investment banking. And successive chairmen have found it impossible to establish the chief executive position for a variety of reasons. Regulving Barclays' door is a common feature. If honour still exists, the chairman and non-executives at Barclays should consider whether they will continue to be involved in this morally reprehensible saga much longer.

His Non-Hodgkin Lymphoma was 'detected early' and "very localised," Coimbatore Sundararajan Venkatakrishnan said in a letter to staff. Venkat, an American-Indian banker, will be treated at the top-notch Memorial Sloan Kettering Cancer Center in New York for the next three to four months.

Barclays failed to disclose that it had paid hundreds of millions of pounds in fees to certain Qatari investors in order to provide new funds,' according to Financial Conduct Authority executive Mark Steward. 'Barclays' inability to disclose these matters was reckless and lacking credibility,' he said, referring to a earlier inability to reveal fees paid to Qatari investors in June 2008.'

A video (right) by Drone shows how the beavers have kept an area of wetland in Devon's countryside green and hydrated, relative to the dried up fields surrounding it. This is amid that the UK is experiencing one of the country's hottest summers on record, with major portions of England deemed as drought-stricken and the South West region particularly affected. The beavers are not a viable substitute for the current drought, as the dam-building rodents can submerge certain areas of farmland (top right).