Barclays to write off 1.5bn in credit card debt as bankruptcies hit record level Times Online
Barclaycard, Britain's most popular credit card, signalled yesterday that it expected its army of customers to default on an unprecedented £1.5 billion of debt this year.
Fair Finance takes leaf out of bank book to give credit where it is due Financial Times
A decade ago, Faisel Rahman was camped out in a tree as part of the guerilla campaign to prevent the Newbury bypass being built. Today he is trying to change the society through capitalism with a business that provides loans and bank accounts to some of the UK’s poorest communities in east London.
Barclays says FY profit to meet mkt expectations UPDATE Sharewatch
LONDON (AFX) - Barclays PLC, the UK\'s third-biggest bank, said it is on course to meet analysts\' forecasts for a 32 pct jump in annual profit, with a strong performance from investment banking subsidiary Barclays Capital outweighing a continued rise in bad debts at credit card division Barclaycard.
U.K. bank Barclays on track to hit market's profit view Market Watch
LONDON (MarketWatch) -- Barclays, the U.K.'s third-largest bank, said Tuesday it expects 2006 profit to be in line with the market's view as a continued strong performance at its investment-banking division helped offset rising bad debt among credit-card holders.
British personal debt nears `Time Bomb’ levels The Economic Times
Jon Menon and Ben Livesey LODON: Roland Snooks couldn’ resist a good deal on a loan, and for 11 years, banks including Egg and Abbey National were happy to feed his habit.
Barclays CFO says too early to say when bad debts will ease UPDATE Sharewatch
LONDON (AFX) - Naguib Kheraj, the finance director of Barclays PLC, said it remains too early to say when a recent rise in bad debt charges at the bank will ease, blaming rising numbers of personal insolvencies.
Barclays CFO says too early to say when bad debts will ease Sharewatch
\"The outlook remains challenging as Individual Voluntary Agreements and personal bankruptcies continue to increase, and we feel it\'s too early to call a turn in the impairment cycle,\" Kheraj told analysts on a conference call.
Momentum builds for SNP as poll puts party 5% up on Labour The Scotsman
ALEX Salmond is on course to become First Minister next May, according to a new opinion poll today for The Scotsman.
Ten Tips To Get Credit Fool.co.uk via Yahoo! UK & Ireland Finance
Read our tips about avoiding the 'other' bad credit spiral and on getting credit.
Fitch says rising bad debt still manageable Financial Times
The UK's biggest banks are likely to see further deterioration in the quality of their unsecured loan and credit card portfolios as consumers continue to struggle, according to a new report published today.

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