23 July 2012 at 15:38 BST

Barclays digs in

Despite losing its chief executive and being fined nearly £300 million by US and UK regulators for rigging interbank lending rates, Barclays Bank has decided to take on Mother Nature and offer help to customers affected by the sodden British summer.

No fear -- a Barclays branch manager is headed round with a bucket

According to a recent statement, Barclays business managers will work closely with individual businesses to understand their ‘particular needs’ and help them get through any difficulties, such as flooding.
With the bank recently confirming that recently resigned chief executive Bob Diamond will ‘forego’ almost £20m in bonuses and shares, customers will be hoping that the ‘package of assistance’ offered to those affected by the bad weather will be more substantial than a few sandbags.
Barclays also suggests keeping important personal documents in ‘sealed plastic bags’, but assured holders of its home insurance policies that they are covered for standard damage caused by storms or floods.


Also read...

HSF highlights tougher UK pension regulation

Tougher regulation takes hold as pension regulator steps up requests for information, warns Herbert Smith Freehills.