FSA finds evidence of mis-selling in more than 90% of 173 cases from Barclays, HSBC, Royal Bank of Scotland and Lloyds Another day, another shameful statistic for the big banks. This time it is the mis-selling to small businesses of interest-rate hedging products - in effect insurance against sharp rises in rates. The Financial Services Authority has looked at a sample of 173 cases from Barclays, HSBC, Royal Bank of Scotland and Lloyds and found evidence of mis-selling in more than 90% of cases....
Banks' mis-selling review reveals ugly truths - but not size of scandal
The Guardian - 31 Jan 2013 23:46
FSA finds evidence of mis-selling in more than 90% of 173 cases from Barclays, HSBC, Royal Bank of Scotland and Lloyds Another day, another shameful statistic for the big banks. This time it is the mis-selling to small businesses of interest-rate hedging products - in effect insurance against sharp rises in rates. The Financial Services Authority has looked at a sample of 173 cases from Barclays, HSBC, Royal Bank of Scotland and Lloyds and found evidence of mis-selling in more than 90% of cases....
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