Friday, 1 February 2013

Barclays - would you buy a used car from them?

After 'dodgy' Bob's humiliating exit last year over the Libor rate fixing scandal, growing liabilities in PPI compensation and now claims from small businesses for mis-sold risk offsetting deals, you'd think things couldn't get worse for the Bungling Bank. 

To date, it's proclaimed its virtue as one of the few banks to refuse a bail-out from 'mental' Brown, going to the Qataris for the money instead. Now it appears that it may have lent Qatar the money to buy its own shares ... 

Barclays is amongst the banks quietly attempting to sabotage Vickers, to the extent that the Banking Standards Commission last year asked for legislation to "electrify the fence so banks won't try to game the rules".

1 comment:

G. Tingey said...

In answer to your question...
Not bloody likely!
As for sabotaging Vickers, it's a disgrace....