Thursday, January 31, 2013

Banks 'Mis-Sold 90% Of Swaps' To Small Firms......How many more times will they be allowed to Screw us?

The Financial Services Authority has revealed that more than 90% of interest rate swaps were mis-sold to small businesses by banks.

Last night Sky News City Edtior Mark Kleinman revealed that the City regulator had set out a revised framework for small business enteprises (SMEs) to pursue redress.

It is the latest mis-selling scandal to hit Britain's high street banks.

http://news.sky.com/story/1045509/fsa-reveals-scale-of-interest-rate-swap-mis-sell