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Oh Dear: Barclays going bust?

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    Oh Dear: Barclays going bust?

    http://news.bbc.co.uk/1/hi/business/6971731.stm

    Barclays says that a "technical breakdown" in the UK's clearing system forced it to borrow £1.6bn from the Bank of England.

    It is the second time this month that the bank has tapped into the central bank's emergency credit line, sparking fears it is facing a cash crisis.

    But the UK bank insisted it was "flush with liquidity".


    Time to buy gold and hide it in a chest at the end of the garden?

    #2
    I hope the BoE took a leaf out of their book: sent them a bollocking letter, saying that repeat offences could lead to withdrawal of other banking services until Barclays had proved that it could manage its finances properly; and charged them £30 for it.

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      #3
      Time to buy gold and hide it in a chest at the end of the garden?

      Then make a treasure map?

      Comment


        #4


        ....hmmm


        If this isn't a wake up call in the Uk for a credit crunch I don't know what is.

        It is quite clear that other banks are refusing to lend to Barclays. In fact without the BOE Barclays would have been bankrupt.
        I'm alright Jack

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          #5
          Somehow I don’t think I am alone in feeling some glee at Barclays having a spot of bother after all the grief they have caused me over the years.

          Barclays:

          Sport of bother:
          Drivel is my speciality

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            #6
            Nah. It's just Revenge of the Back Office. "Why should Trading have all the excitement?"

            Comment


              #7
              This has to happen now that they finally have more of my money than I have of theirs.
              Will work inside IR35. Or for food.

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                #8
                If Barclays is about to collapse, glee is the last thing you should be feeling.
                The repercussions will be severe all round.
                Hard Brexit now!
                #prayfornodeal

                Comment


                  #9
                  Switch bank FFS.

                  Nationwide (head office in Swindon ) is who you want to bank with.

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                    #10
                    It's only money.

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