Barclays legal adviser quit over fears of illegal loan to Qatar
Linklaters quit as Barclays’ legal adviser over the banks’ controversial £3bn loan to Qatar nine years ago, as the UK law firm feared that the deal was illegal, according to recent documents filed by PCP Capital Partners before the London High Court. (FT)

UK currency exchange start-up eyes £1bn valuation
Silicon Valley venture capital investor Institutional Venture Partners is believed to be in advanced discussions to buy a stake in UK start-up Transferwise. The latest funding round will likely value the seven-year-old currency exchange business at more than £1bn. (Times)