Claiming Against a Bank for Interest Rate Swap Mis- Selling

The Financial Services Authority has completed its review of a pilot number of cases where banks have sold small businesses interest rate swaps in which Barclays, HSBC Lloyds and RBS provided a sample of 173 sales. There are many thousands of such sales but there is no reason to believe that the findings of the FSA when the samples were reviewed will differ in any significant way from the way in which all interest rate swaps were sold by UK banks. Continue reading