Barclays ordered to pay €1.1qn compensation

Barclays bank may be in need of an overdraft after being ordered to pay €1.1qn in compensation to the former owner of a Spanish bank it acquired 25 years ago

Barclays ordered to pay €1.1qn compensation

Barclays bank may be in need of an overdraft after being ordered to pay €1.1qn in compensation to the former owner of a Spanish bank it acquired 25 years ago

The amount – €1.1 qaudrillion (1 followed by 15 zeros) – is the equivalent of 1,400 times Spain’s Gross Domestic Product, or the wealth Spaniards could generate in 1,000 years, triggering speculation that the figure may have been the result of a typographical error by the Madrid court.

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