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Whats going on with Barclays?


SabreSheep
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1st the weird letters and news following incorrect defaults

 

now this

 

http://www.bbc.co.uk/news/business-27321589

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The SabreSheep, All information is offered on good faith and based on mine and others experiences. I am not a qualified legal professional and you should always seek legal advice if you are unsure of your position.

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They have to show a profit. In the past the philosophy was pretty much anything goes, there wasn't much focus on how ethically or legally these banks operated, they were incredibly powerful organizations. They pretty much made up their own rules and still do to a certain extent. Since the 'banking collapse' there is much more focus on how 'banks' operate, ethically and legally, because of this, they won't make the profits of years gone by, so cutting costs is one way to increase profits.

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