Katywilliams
-
Posts
2 -
Joined
-
Last visited
Content Type
Profiles
Forums
Post article
CAGMag
Blogs
Keywords
Posts posted by Katywilliams
-
-
Barcap are an absolute disgrace and totally conned people into this product and then immedialtyl offloaded the risk into the market - up or down they make 20% margin for absolutely no risk - hence they simply didn't care about the risk .
I am gathering a list of people conned in this way
- no meeting
- no explanation of risk
- no explanation of breakage costs
- no due dilligence
I have threatened to sue and they are running scared. I borrowed £1m and they want £250,000 to break and is costing me £5,000 a month !!!!
I really do think they will settle .
Let's take collective action and cause maximum publicity,
There are 100's in The same boat.
If we can get 10 people together then we can share the risk.
Anyone interested ?
Barclays Capital - Rate swaps.
in Barclays Bank
Posted · Edited by Katywilliams
Good luck . I had mine - they send well trained people who simply tell you no one anticipated this and there is nothing that can be done . To be honest Barclays see this as an opportunity to make more money
- they let you break at a profit to them
- they lend you the money at a much higher rate
It's a disgrace and unless we take action they just walk over us