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Thursday, January 20, 2005

 

Bank’s £748,000,000,000,000 order

`The court order clearly stated that Barclays was being asked to stump up a colossal £748 trillion in compensation to the former owner of a Spanish bank it acquired 25 years ago.

Last night Spanish court officials said an investigation was under way to discover whether a monumental clerical error was to blame, as suspected, for the number of noughts in the compensation figure. [..]

The amount – Ä1.1 quadrillion (a quadrillion is 1 followed by 15 zeros) – is the equivalent of 1,400 times Spainís gross domestic product, or the wealth Spaniards could generate in 1,000 years.’




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