Barclays and RBS Shaft Clintons
According to today’s Times, the major bankers to Clinton Cards were Barclays and RBS.
So what did they do?
They callously sold £35 million of loans to Clinton Cards, to American Greetings, one of the retailer’s biggest suppliers, which immediately called in the loans.
Where’s the caring banker in all this?
If I were an employer, who banks at Barclays or RBS, I would move my account immediately.
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