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Hmmm... the page you're looking for isn't here. Try searching above.- BusinessReuters
Barclays found guilty of "serious deceit" in 2008 fundraising, Staveley denied damages
A London High Court judge has found Barclays guilty of "serious deceit" over how it negotiated a financial lifeline with Amanda Staveley during the credit crisis in 2008, but on Friday denied the British businesswoman damages. Judge David Waksman said the decision would be a grave disappointment to Staveley's PCP Capital Partners group, which has claimed around 836 million pounds ($1.16 billion) in compensation. The civil case revolved around how the bank secured billions of pounds from Qatar and Abu Dhabi-backed investors 13 years ago, allowing it to secure its independence - and the jobs of its bosses - by avoiding a state bailout during turbulent markets.
- PoliticsAxios
Schumer privately says he wants to freeze last-minute stimulus changes in order to pass bill
Senate Majority Leader Chuck Schumer is privately saying he can pass President Biden's $1.9 trillion coronavirus package but wants to avoid any last-minute changes jeopardizing its trajectory, three sources familiar with the talks tell Axios.Why it matters: While the president hoped to enlist Republican support for the measure, Schumer has worked to ensure he has a solid 50 votes to muscle it through if necessary. A parliamentary ruling Thursday improved his chances.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeWhat we're hearing: Schumer met with a group of moderate Democratic senators Thursday morning. They pushed for some changes in the bill — including moving pots of money around, more funding for broadband and rural hospitals and extending unemployment benefits beyond August.“They have some ideas and we are going to check them out,” Schumer told Axios afterward.Asked if some of the lawmakers suggested lowering the bill's overall price tag, Schumer said: “I am not going into any details.”The leader is wary of rocking the boat right now, the sources said, and expects the measure will remain relatively unchanged in its final version."Schumer [has] been privately meeting with members to get their input on the legislation to make sure it was included in the drafting," a person familiar with the meetings said.The latest: The Senate parliamentarian announced Thursday night that Democrats could not include a $15 minimum wage provision within the measure under the reconciliation process.The ruling was significant because Sens. Joe Manchin (D-W.Va.) and Kyrsten Sinema (D-Ariz.) said they were opposed to including the wage hike in the package, potentially costing the Democrats critical votes.The bottom line: Democrats have largely been in lockstep that a nearly $2 trillion package is required to meet the urgency of the COVID-19 crisis.Last month, a group of 10 moderate Republican senators offered an approximately $600 billion counterproposal, but it was summarily rejected by the White House.The White House has been publicly optimistic it will add some Republican support but has privately been preparing to pass the package regardless.That strategy requires the entire Democratic Senate caucus to support it, leaving no room for error.More from Axios: Sign up to get the latest market trends with Axios Markets. Subscribe for free
