Legal News
UK Legal News, Articles, Reports and Tweets from Leading City of London Law Firm, LEXLAW.
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Financial Ombudsman increases award limit to £350,000
Posted on: March 28, 2019
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From 1 April 2019, the Financial Ombudsman Service (FOS) can make awards against regulated firms of up to £350,000, which represents an increase of 133%. The following award limits will apply: £350,000 for complaints about acts or omissions by firms which [&hellContinue Reading →]
Tags: Banks, Barclays, EFG Loan Mis-selling, Financial Advice, Financial Conduct Authority, Financial Ombudsman Service, Financial Services, Financial Services Authority, FOS, Lloyds, Mis-selling, RBS
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GRG Complaints Process Outcomes: What next?
Posted on: January 31, 2019
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In October 2018, the complaints process closed to individuals with claims against the Royal Bank of Scotland’s notorious Global Restructuring Group. Individuals and SMEs are now starting to receive updates on their complaints with some receiving outcome letters. Your complaint to GRG The complaints process is a lengthy one and RBS have provided information on each of the stages [&hellContinue Reading →]
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Potential claims against HM Treasury: Government department allegedly controlled RBS GRG’s mis-treatment of SMEs
Posted on: January 30, 2019
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Documents disclosed by RBS’s Global Restructuring Group (GRG) in the High Court case of Morley v The Royal Bank of Scotland Plc have reportedly revealed that the Treasury played a significant role in GRG’s systematic asset stripping of the British [&hellContinue Reading →]
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APPG on Fair Business Banking: Improve SMEs access to justice and establish a Financial Services Tribunal
Posted on: July 12, 2018
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The APPG on Fair Business Banking launched their highly anticipated dispute resolution report on 11 July 2018. The report, authored by Kevin Hollinrake MP and undertaken by the Centre for Policy Studies, sets out the position of the APPG on [&hellContinue Reading →]
Tags: Banking Law, Banks, Barclays, Derivatives, FCA, Financial Conduct Authority, Financial Ombudsman Service, Financial Regulation, Financial Services, FSA, Global Restructuring Group, GRG, Interest Rate Swaps, IRHP, Litigation, Media, Mis-selling, NatWest, RBS, Swaps Mis-selling
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“Banks, Frauds and Accomplices”: Police and Crime Commissioner rebukes Lloyds & large-scale UK banking fraud beyond HBOS scandal
Posted on: July 10, 2018
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New City Agenda Event, Tuesday 10th July 2018, Committee Room 14, House of Commons A well-attended New City Agenda event heard from Anthony Stansfeld, the Thames Valley Police and Crime Commissioner, on the HBOS banking fraud and the lessons from this [&hellContinue Reading →]
Tags: Banking Law, Barclays, Clydesdale Bank, FCA, Financial Conduct Authority, Financial Ombudsman Service, Financial Regulation, FSA, GRG, Lloyds, NatWest, Yorkshire Bank
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