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But one source of potential claims against the UK’s four largest banks has been getting increasing attention this year – small and medium-sized enterprises (SMEs) who believe they were mis-sold complex derivatives products whose main aim was to protect them against the (as it turned out) unrealised threat of a rise in interest rates.
Yesterday afternoon, Guto Bebb MP called a cross-party meeting of MPs to brief MPs on the issue of the potential mis-selling of complex interest rate swap products by high street banks to small businesses. Guto Bebb initially raised the issueRead more…
read more >MORE than 40 MPs are expected to attend a meeting today to discuss the issue of alleged interest-rate swap mis-selling to small businesses.
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More than 40 MPs from all the major parties will meet this week to discuss the growing outcry over the alleged mis-selling of interest rate swaps by Britain’s biggest banks to small businesses.
read more >Speaking last week to The Sunday Telegraph, Mr Brothers said he would complain to the regulator about the “very poor standard of complaints handling” by the major banks.
read more >Barclays has been forced to formally apologise to the Financial Services Authority (FSA)…
read more >Britain’s leading banks are facing new allegations of mis-selling complex financial products…
read more >You may find the comments made by Martin Wheatley in his recent speech to the British Banker’s Association…
read more >A Sky News investigation has uncovered evidence High Street banks deliberately mis-sold interest rate protection…
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