Banks double interest rate swaps mis-selling payouts
FCA figures released today show that banks doubled their payouts to small businesses for mis-selling interest rate hedging products in January.
Banks step up mis-selling payouts to small businesses
Banks have increased the rate of payouts over the mis-selling of financial products to small businesses, with the total reaching £158.6m in December.
10 things everyone should know about mis-sold swaps
UK banks have put aside more than £3bn to compensate small businesses that were mis-sold ‘swaps’. Daniel Hall, expert on mis-sold swaps, outlines the ten key points everyone should know about this issue.
Radical overhaul to secure justice for SME mis-selling victims
Claims management firm Hamilton Richards is calling for a radical overhaul of how mis-selling of interest rate swaps and other hedging products (IRHPs) is handled.
5 steps to handling an Interest Rate Swap mis-selling law-suit
Alison Loveday at Berg law firm, explains how to put your business in the best position ahead of an interest rate swap mis-selling case.
Epidemic of bank mis-selling to SMEs confirmed
Businesses are absorbing the outcome of a pilot study by the FSA, which found that over 90 per cent the interest rate hedging products banks encouraged SMEs to take out were mis-sold.
Banks mis-selling to SMEs: an update
Following on from the Telegraph’s exposé about banks mis-selling to SMEs, the FSA has agreed to listen to business owners. Hurrah?
Banks mis-selling to SMEs: will the FSA act?
The most recent edition of the Sunday Telegraph looks to have unearthed a particularly nasty form of mis-selling to SMEs. Will the FSA act or will it reconfirm some commentatorsâ label as the “Fundamentally Supine Authorityâ?