Barclays is looking to terminate its corporate banking relationship with Odey Asset Management (OAM), the Financial Times reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey.
reported on Sunday, predominantly due to sexual assault allegations against founder Crispin Odey.
The British hedge fund has grappled with redemptions since the FT and Tortoise Media on June 8 jointly reported allegations by 13 women that Crispin Odey had sexually assaulted or harassed them over a 25-year period.Citing people familiar with the matter, the FT said on Sunday Barclays had told British markets regulator the Financial Conduct Authority it wants to extricate itself from OAM, joining other financial firms which have sought to cut links.
OAM and Barclays did not immediately respond to a Reuters request for comment outside usual office hours. The FCA declined comment.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Barclays seeks to stop being corporate banker to Odey Asset Management - FTBarclays is looking to terminate its corporate banking relationship with Odey Asset Management, the Financial Times reported on Sunday, citing people familiar with the matter.
Read more »
Bitcoin ETF Narrative Shapes BTC Bullish Rally in Many Ways, Asset Management Vet SaysIlan Solot, co-head of digital assets at Marex Solutions, explains effects spot Bitcoin ETF approval might have for retail and institutions
Read more »
XRP-Based Hedge Fund Filed With SEC Raises New Expectations: DetailsNew XRP based hedge fund filed by asset management firm with SEC $XRP XRPCommunity XRPArmy XRPHolders
Read more »
Franklin Templeton, BNY Mellon execs to co-chair CFTC digital asset panelCoinfund, Crypto.com, and Uniswap are also part of a cadre of crypto market participants advising the CFTC.
Read more »
The Second FTX Asset Recovery Report Is Packed With BombshellsDoubts about SBF_FTX's alleged fraudulent activities have intensified with the second FTX_Offical asset recovery report. davidzmorris delves into the scandalous revelations of the newest report:
Read more »
Forest management ignored in wildfiresA Florida letter to the editor: I believe we have climate change issues that affect our entire world, some caused by man, most caused by Mother Nature.
Read more »