BARCLAYS FINED, again

[Angry Cat]

BARCLAYS, in the Doo Doo, again...
http://www.bbc.co.uk/news/business-23337178

[charitynjw]

Re: BARCLAYS FINED, again

To (slightly) misquote the Sex Pistols, "Friggin' with the Riggin'"

http://www.youtube.com/watch?v=QeHIi3GqOiI - Warning; Filthy language - don't go there if you're easily offended! :eek2:

[bluebottle]

Re: BARCLAYS FINED, again

Barclays are well and truly in the poo. They are being investigated by the Serious Fraud Office (SFO) for loan fraud. Two cases involve sums of £950,000 and £250,000, respectively. In the larger of these two cases, the victim called in the police after an LPA receiver turned up at a trading estate owned by him, claiming Barclays had instructed him to seize the buildings. It turned out that the LPA receiver had no power to act and only left after the police attended and threatened to forcibly remove him. At a conservative estimate, loan fraud committed by Barclays could run into hundreds of millions of pounds, possibly more, hence, the involvement of the SFO. Personally, I would never be surprised to see the SFO widen their investigation to include ALL banks and the final figure involved running into tens of billions of pounds, if not, greater.

[Angry Cat]

Re: BARCLAYS FINED, again

And, they are still using Deloitte for their PPI!?
this was confirmed by a senior member of Barclays: a Specialist Complaints, Case Manager (VIP, bunch of keys on his belt...)

[bluebottle]

Re: BARCLAYS FINED, again

And, they are still using Deloitte for their PPI!?
this was confirmed by a senior member of Barclays: a Specialist Complaints, Case Manager (VIP, bunch of keys on his belt...)

Large accountancy firms have been caught, by a HoC Select Committee, engineering and encouraging aggressive tax avoidance schemes. I would never be surprised to see these firms receive an unexpected visit from the SFO and only then will we, the people, begin to realise the enormity of the fraud the banks, large corporations and wealthy individuals have been involved in and the large accountancy firms' involvement in this fraud.

All I am going to say is that when the sh*t hits the fan, duck, because it will be plentiful in quantity and will fly everywhere, including the Palace of Westminster.

[Angry Cat]

Re: BARCLAYS FINED, again

http://www.telegraph.co.uk/finance/n...Chartered.html

http://www.bbc.co.uk/news/business-22958743

The following article informs that the contract has now ended. But, it would appear that is NOT the case!?

http://www.thisismoney.co.uk/money/n...-confirms.html

[Paull]

Re: BARCLAYS FINED, again

I've been with Barclays for years (and still am).. Maybe it's time to change to cleaner, well-behaved bank. (Is there such thing?!?)

[kanine]

Re: BARCLAYS FINED, again

Barclays are well and truly in the poo. They are being investigated by the Serious Fraud Office (SFO) for loan fraud. Two cases involve sums of £950,000 and £250,000, respectively. In the larger of these two cases, the victim called in the police after an LPA receiver turned up at a trading estate owned by him, claiming Barclays had instructed him to seize the buildings. It turned out that the LPA receiver had no power to act and only left after the police attended and threatened to forcibly remove him. At a conservative estimate, loan fraud committed by Barclays could run into hundreds of millions of pounds, possibly more, hence, the involvement of the SFO. Personally, I would never be surprised to see the SFO widen their investigation to include ALL banks and the final figure involved running into tens of billions of pounds, if not, greater.

Blue bottle, is this info in the public domain or is it private. ?