Belfast Telegraph

Bank faces £100m payout over loans

Barclays Bank is to pay out up to £100m to around 300,000 of its personal loan customers after making mistakes on their paperwork.

The customers could be in line for a few hundred pounds each after they are believed to have been incorrectly charged interest. The issue dates back to October 2008.

The mistake comes after the bank revealed it is facing a £50m fine over claims it acted "recklessly" in its multi-billion pound bailouts from Qatar in 2008.

A spokesman described the latest problem, which relates to arrears notices and statements, as "technical documentary errors".

Belfast Telegraph