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Latest News

Barclays ‘cancels’ LOBO loans? Our fact-check response

Posted on September 9, 2016 by DRUK

Local Residents Fight Back Against the Banks in 24 Local Authorities

Posted on August 30, 2016December 1, 2016 by Joel Benjamin

Take back control of your Council from the Banks

Posted on July 25, 2016July 25, 2016 by vica

As public pressure builds, is Newham moving closer to legal action on LOBOs?

Posted on July 14, 2016October 24, 2016 by Jamie Griffiths

Request a Public Interest Report

Posted on June 27, 2016July 5, 2016 by vica

Request a High Court Declaration

Posted on June 27, 2016July 5, 2016 by vica

Barclays, RBS on LOBOs: we’ve had no complaints

Posted on May 21, 2016June 29, 2016 by DRUK

Conflicts of Interest Emerge As ‘Big Four’ Accountants ‘Colonise’ LocalGov Audit

Posted on April 4, 2016June 29, 2016 by Joel Benjamin

Newham Council burys head in sand over mounting LOBO loan losses

Posted on April 1, 2016August 22, 2016 by Jamie Griffiths

Tower Hamlets Resident Raises Formal Objection to 2014/15 Accounts Over RBS and Barclays LOBOs

Posted on March 24, 2016June 29, 2016 by vica

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OUR GUIDE TO LOBOS

WHAT IS A LOBO LOAN

LOBO (Lender Option, Borrower Option) loans are “teaser rate” loans containing derivatives provided by banks to public authorities.

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