As reported in The Times on 4th December 2014, the Royal Bank of Scotland (RBS) has been accused by a whistleblower, of trying to minimise compensation for the Interest Rate…
Category: Financial News
Clydesdale’s Full Year Results And The Hidden ‘Hidden Swap’ Bill
National Australia Bank (NAB), parent company of Clydesdale Bank PLC (Clydesdale), which operates under the Clydesdale Bank and Yorkshire Bank brands, announced their Full Year End results last week for…
Swaps Claims Activity – My Top 5 Developments
It’s been some time since my last update on this blog. Apologies for this absence, but as you can imagine there has been an enormous amount of activity in the…
A Christmas Carol In Swaps Land “Tis The Season To Be Merry”
Well, unfortunately, that largely depends on which ‘camp’ you are in. In one camp, businesses will be entering the festive period with a warm hearty smile having been offered redress…
Panorama Exposes Britain’s New Banking Scandal
So some 15 months after the first reporting of widespread mis-selling of Interest Rate Hedging Products (IRHPs), the BBC’s Panorama pick up on the issue. Congratulations to the BBC, but…
Mis-Sold Interest Rate Hedging Products-Progress Is Slow!
In September, the Financial Conduct Authority (FCA) published its first update on the progress made by banks undertaking a review of the sale of Interest Rate Hedging Products (IRHPs) to…