Banks to pay back SMEs mis-sold interest rate swaps
29th June 2012
THE FINANCIAL Services Authority has announced that it found "serious failings" in the way in which banks sold interest-rate hedging products to SMEs.The authority said that it felt the way in which interest-rate swaps were sold to SMEs "has resulted in a severe impact on a large number" of firms which were sold the products.It has agreed a deal with the four major clearing banks - Barclays, HSBC, ......for the full story register now for free or login below...
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