From: "Eric Jones" 
Newsgroups: uk.finance
Subject: Re: banks responsibility
Date: Sun, 14 Nov 2004 10:36:37 +0000 (UTC)


"Alex"  wrote in message
news:cn6is9$e31$1@newsg2.svr.pol.co.uk...
> Wildcard wrote:
> > an associate
> > has told me that really I have the option of attacking barclays for the
> > money I'm owed as they obviously knew that the company who owed me money
was
> > a bad bet.
>
> I'm no lawyer but I wouldn't be suprised if you got exactly nowhere with
> that argument. The bank can't tell you they're a `bad bet` - that would
> be libel. They just facilitate your transactions.
>
> > this associate of mine appears to know his stuff and his quals in
> > this area are exemplary I was just wondering if anyone else had any
> > experience in this and could point me in a general direction?
>
> I'd get a solicitor.

A bank cannot divulge any information about an account to a third party
without written consent. If you decide to transact business which goes belly
up - tough.
If on the other hand you asked Barclays their opinion on the company (and
the company gave you written instruction to reply) then that is a different
matter.
Eric