Barclays and LIBOR misdoings

jamie11

In view of the news that Barclays have been found guilty of fixing the rates of Libor for years what is the likelihood that they are going to have to rework all the figures of all the loans that people and companies have been paying, then refund them the overpaid amount?

froggeroz

I too am wondering this. Was thinking of contacting a solicitor tomorrow to see if we could have a case.
Awaiting any responses you get?

Our mortgage is directly linked to the 3 month libor. So we are one of the 250,00 directly affected.

jamie11

My complaint with Barclays stems from three years ago when I asked for a quit price on a corporate loan, they gave me a price with a 10% breakage charge added, I was so cheesed off with them by that time that I set to work to raise the money and get rid of them. Eventually I had an offer from another bank that would cover the quoted cost only to find when I spoke to Barclays again they now wanted a breakage charge of 20%, that was £60000 and the new loan would not cover that. I had to pull out and forfeit the full amount that I had paid out to a Broker for the work involved, several thousand. That's why I am fishing now to find out if I can slam Barclays for my expenses at least for that failed loan. I have every bit of paperwork including the first and second letters from them.

Over the last 3 years they have been as obstructive as they can get away with.

I don't hate them but I really wish I had never done business with them.