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Banks mis-sold more than 90pc of rate swaps, says FSA

Posted by seumasach on January 31, 2013

The FSA has accused Britain’s largest banks of selling small businesses “absurdly complex products” and said that lenders will have to compensate thousands of customers.

Telegraph

31st January, 2013

More than 90pc of the complex interest rate derivatives sold by banks to small businesses could have been mis-sold, according to the findings of a review by the Financial Services Authority.

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