Category: Financial Mis-selling

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Warren Buffett On Derivatives

The following are excerpts from the Berkshire Hathaway 2002 Annual Report. I view derivatives as time bombs, both for the parties that deal in them and the economic…

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Financial Ombudsman Service Decision Not a Bar to Further Court Action

High Court ruling in Clark v In Focus  of assistance to complainants who have accepted a decision via the Financial Ombudsman Service; ruling determines that this in itself…

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Legal Comment on Green & Rowley v RBS [2012] EWHC 3661 (Swaps Mis-selling Judgment)

The judgment in Green & Rowley v RBS is certainly not helpful to claimants in swap mis-selling cases, but on careful analysis, it is less bad than it…

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BBA Announcement on Major Banks’ Swaps Payment Suspension Policy

The British Bankers’ Association (the “BBA”), a trade association for the UK banking and financial services sector, has announced a policy for ‘Major Banks’ which suggests such banks will consider…

Graiseley Properties Ltd (Guardian Care Homes) v Barclays Bank PLC – LIBOR Manipulation Test Case

Application to amend particulars of claim – amendment to plead implied representations (alternatively implied terms) which induced claimants to enter into swap agreements – implied representations allegedly false…

Clydesdale and Yorkshire Banks’ Tailored Business Loans – Terms of ‘Swaps Mis-selling’ Review

Information relating to Clydesdale and Yorkshire Banks Review of Interest Rate Hedging Products (12 October 2012) PDF DOWNLOAD IntroductionA. The ReviewB. The products that we have agreed to…

The Manipulation of LIBOR by the Banks and the Impact on Interest Rate Swap Mis-selling Claims

The Financial Services Authority (FSA) have issued a press release indicating that Barclays Bank has been fined for the manipulation of global benchmark interest rates LIBOR and EURIBOR.…

LEXLAW featured on BBC Radio 4’s The Report: Interest Rate Swaps Mis-selling

LEXLAW Principal, M Ali Akram, was interviewed by BBC Radio 4′s “The Report” alongside our client, a firm of family butchers, who are bank mis-selling victims. The programme discusses…