Barclays Bank going bust

Brandon - Call Center Consultant
#1. November 7th, 2007, at 12:47 AM.

Do you guys have something like the FDIC that insures your money?

Brandon - Call Center Consultant
#3. November 7th, 2007, at 1:01 AM.

Sucks, in any FDIC (federally insured) bank, the government insures up to $100,000 in the event that something happens to the bank. I’m sure you could catch a ride over here to the states if you wanted

Phil
#5. November 7th, 2007, at 10:51 AM.

@Brandon - We have the FSA which insures 100% of the first £2,000 and 90% of the next £33,000. So people with £100,000 in the bank will get the same compensation as those with £35,000.

@MrCrip - The mortgages will be sold to other banks/institutions.

Mr K
#7. November 8th, 2007, at 3:02 PM.

Yes, in the UK you will always owe the man ( even if he goes down, cause another will step in to take his place.) But the man doesn’t owe you, even if he is your Bank.

Erminator
#8. November 8th, 2007, at 6:08 PM.

Jesus Im with Barclays. …

If Barclays bank goes bust then that would surprise me. They returned a profit of £4.1bn in the first half of 2007 thanks to their portfolio of businesses so they cant be doing that badly!

Mind you the barclays bank service is very shabby (What service?) and Barclays usually keep you waiting on their phone systems without english speaking representatives or communication between interconnecting businesses.

kj
#10. May 20th, 2008, at 11:50 PM.

I closed my Barclay’s Acct. November 15, 2007 and was given a close out amount. I paid it and went merrily on my way.

6 MONTHS later my credit rating has dropped 100 points! For Non-payments.

The Reason, we learned… There was an additional $28 dollars in fees assessed that close out month. I NEVER received any mail or phone calls from Barclays. Instead they assessed monthly late charges and accrued interest.

After multiple calls we were told to write to the address below.

Executive Office
C/O Office of the President
PO Box 8885
Willmington DE, 19899

By a Manager. Our “Manager’s” customer service number is:

36476

He told us we were out of luck and he had the power to make our life hell. Even though we had in “Good Faith” closed the account and paid off the balance that their customer service person gave us.

My personal advice based on my personal experience is to beg you for your own sake…. Don’t do Business with these people!

uk lad
#11. May 24th, 2008, at 10:05 PM.

Uk is up sh*t creek without a paddle

mark
#12. September 19th, 2008, at 2:56 PM.

what a wanker you are barclays will not go bust

Kit Heath
#14. September 21st, 2008, at 1:21 AM.

I agree with MrCrip on this one - Mark you are the wanker

brian swift
#15. September 29th, 2008, at 8:10 PM.

i am afraid they could go bust,we dont believe the yearly results anymore from them or any other bank,those days are over,

Charls
#16. October 2nd, 2008, at 7:30 PM.

anythink can happen, so lets stop calling every one names . lets sorte out our money. any uptodate info in the press?

paul maleski
#17. October 7th, 2008, at 8:29 PM.

The China Syndrome
What terrifies me is the fact, that China is in the position to bankrupt the USA by withdrawing its dollar deposits. If the dollar crashes as it inevitably will, the whole Western World banking caboodle could collapse. The economic and political consequences are too frightening to contemplate. Keep your eyes out for outrageous mountebank moustaches–it is going to be a bumpy ride.