Devious debt issues - papers 27 May 2005

This has “sent shudders through the City” the paper writes, despite the rest of the banking group’s businesses seemingly doing well. Two weeks ago, the British Bankers’ Association noted consumers cut credit card borrowing in March for the first time since the early 1990s. Barclays says the situation is different this time round, pointing to far lower rates of unemployment and lower interest rates. Such assurances may not go down well with customers of Alliance & Leicester who, according to The Guardian are being led to unknowingly break overdraft limits, triggering automatic penalti...