Tag: Financial Services Authority

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Financial Ombudsman increases award limit to £350,000

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…

LIBOR, FX and Key Benchmark Rigging Claims against RBS, Barclays, HSBC & Lloyds set to Strengthen for Customers Mis-sold Derivatives

The door has been opened by the Court of Appeal in PAG v RBS [2018] for misrepresentation claims to be brought by a counter-party to a derivative which…

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Property Alliance Group v RBS [2018]: Court of Appeal Opens the Door for Implied Misrepresentation Claims against Banks Mis-selling LIBOR-linked Derivatives

The Court of Appeal (Sir Terence Etherton MR, Longmore LJ and Newey LJ) handed down judgment in the highly anticipated appeal from Asplin J’s decision in Property Alliance…

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The Lawyer: ‘Charity gains ground in RBS and NatWest mis-selling claim’

The Lawyer reports: Not-for-profit organisation Wenta has gained ground in its case against DLA Piper clients NatWest and the Royal Bank of Scotland for which it is now…

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High Court Litigation – Metro Bank Plc

Our team of bank litigators can assist on litigation claims or high value Financial Ombudsman Service complaints against Metro Bank Plc. We have brought very high value claims against…

Court of Appeal to consider permission to appeal in PAG v RBS

Property Alliance Group Ltd (“PAG”) has recently filed leave to appeal to the Court of Appeal against a decision of Mrs Justice Asplin in the High Court in…

Petition: Establish a Financial Services Tribunal to resolve customer disputes.

Major banks and other financial services institutions are often in dispute with customers who deserve protection. Access to court is costly. The FOS ombudsman scheme is inadequate. The…

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GRG WestRegister took 80% Equity in Bowlplex – Cost Owners £50m; while RBS Profited £9m

RBS has been accused of deliberately destroying small businesses In the past five years, LexLaw has issued more High Court litigation over bank misconduct than all other law…

Court of Appeal grant permission to appeal based on LIBOR and Negligent IRHP Review arguments

The Court of Appeal, the highest court within the Senior Courts of England and Wales, has granted permission to appeal to the Claimant in WW Property Investments Ltd…

Flaws in RBS ‘New Complaints Process’ and ‘Complex Fee Refund’ – RBS GRG West Register compensation scheme examined

Royal Bank of Scotland Plc (RBS) have announced a New Complaints Process and Complex Fee Refunds for SME customers who were in their GRG division between 2008 to…