View Full Version : Barclays upbeat on customer debt

27-11-2007, 10:53 AM

27-11-2007, 12:47 PM

what about credit card charges refunds ????? lets keep this quiet !!!

Overdraft charges
Barclays revealed that during the third quarter of the year it had repaid a further 30m to customers in the UK who have been reclaiming overdraft charges.
Although that brought the bank's total refunds for the year so far to 117m, it means that the rate at which customers have been repaid has declined.
Chris Lucas, the bank's finance director, explained that this was due to a halt in fresh court claims, which has been due to a forthcoming High Court test case. The test case will decide the legality of the fees that UK banks impose on customers whey they go into the red without permission, and both sides of the argument are awaiting the outcome.

27-11-2007, 01:03 PM
don't forget this one !!!

"Liquidity and Funding

Barclays liquidity position remains very strong both for its own paper and paper issued by its
sponsored conduits. We have benefited from significant inflows of deposits, increased credit
lines from counterparties, increased client flows across many businesses and continued full
funding of our conduits.
Barclays exposure to its own conduits through undrawn backstop liquidity facilities was
19.0bn as at 31st October 2007 (30th June 2007: 21.7bn). The Barclays-sponsored vehicles
are long established and are fully funded through CP issuance. All are fully consolidated on the
Barclays balance sheet but on an available-for-sale basis at fair value.

Barclays will provide its normal scheduled trading update on 27th November 2007."