Corporate councils suing Barclays

7 councils in England are suing Barclays over bank loans worth more than £500m they claim they were fraudulently sold.

https://expertinalllegalmatters.com/council-tax

https://www.publicfinance.co.uk/opinion/2022/03/partner-content-lobo-loans-libor-litigation

The local authorities claim the banking giant manipulated the interest rates on the products, known as lobo loans.
Councils taking the action are
- Leeds
- Greater Manchester
- Newcastle
- North East Lincolnshire
- Nottingham
- Oldham
- Sheffield

http://lada.debtresistance.uk/press-release-cipfa-ceo-says-councils-challenge-banks-court/

http://lada.debtresistance.uk/press-release-rbs-capita-engaged-fraud-people-northamptonshire-county-council/