I hope those donations are made by US citizens, because otherwise its a major electoral financing offense.
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9428249/Barclays-told-to-stop-fundraising-for-Mitt-Romney.html Barclays told to stop fundraising for Mitt Romney Barclays has been accused of fundraising for political candidates instead of working to rebuild the public's trust in banks following the Libor-setting scandal. Executives at Barclays have reportedly donated more than $1m (£645,000) to to US Republican presidential candidate Mitt Romney's election campaign. By Jamie Dunkley, Financial Services Correspondent Executives at Barclays have reportedly donated more than $1m (£645,000) to US Republican presidential candidate Mitt Romney's election campaign. They are set to hand over more this evening at fundraising dinner in a secret Mayfair location, where tickets cost between $50,000 and $75,000, according to the Guardian. An early-day motion (EDM) signed by 11 MPs last week demanded the bank and its directors stop working to bolster Mr Romney's election campaign and concentrate on repairing confidence in the banking system. In response, Cyrus Ardalan, Barclays' head of UK and European government relations, wrote to the MPs, insisting the bank was not a supporter of the presidential hopeful. "I ... would like to clarify that all political activity undertaken by Barclays' US employees, including personal fundraising for specific candidates, is done so in a personal capacity, and not on behalf of Barclays," he wrote. "Barclays is politically non-partisan, makes no political donations nor seeks to influence the political activities of its employees." The news is likely to increase pressure on the troubled lender. Last night it emerged that Jerry del Missier, the former Barclays Bank executive at the centre of the interest-rate rigging scandal that cost the lender £290m, has walked away from the company with a pay-off of almost £9m. Mr del Missier, the banks former chief operating officer who resigned three weeks ago, is understood to have negotiated the deal with Barclays outgoing chairman Marcus Agius in the days before he quit. The pay-out looks certain to trigger another political storm over bankers pay. ---------------- -- Larry C. Lyons web: http://www.lyonsmorris.com/lyons LinkedIn: http://www.linkedin.com/in/larr ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:353082 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
