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  • Posts Tagged ‘Lloyds’

    “Banks, Frauds and Accomplices”: Police and Crime Commissioner rebukes Lloyds & large-scale UK banking fraud beyond HBOS scandal

    Posted on July 10th, 2018 by Jaron Dosanjh

    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 […]

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

    Posted on March 9th, 2018 by Jaron Dosanjh

    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 is linked to LIBOR, FX or key benchmark where the Swap is […]

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    The Times: Lawyers launch petition for financial mis-selling tribunal

    Posted on December 19th, 2016 by Jenny Julian

    The Times Brief reports that we have launched an online petition in an attempt to apply public pressure on banks to settle compensation claims for financial product mis-selling. The petition launched on Friday calls on the government to create a […]

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

    Posted on December 19th, 2016 by M Ali Akram

    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 FCA is not equipped to resolve disputes. Tribunals offer scrutiny, justice and […]

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

    Posted on December 4th, 2016 by Jenny Julian

    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 firms in the UK By VICKI OWEN FOR THE MAIL ON SUNDAY […]

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

    Posted on November 29th, 2016 by Jenny Julian

    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 v National Westminster Bank Plc [2016] EWCA Civ 1142 (29 November 2016). […]

    LIBOR fraud arguable in swaps mis-selling claims; Resetting the 6-year contractual limitation clock

    Posted on November 26th, 2015 by Sivakumaran Sivathillainathan

    In a damaging judgment for RBS, the High Court has ruled that LIBOR fraud allegations against RBS in a derivatives mis-selling claim are “plainly properly arguable” and that there is evidential “support for an inference of fraud and dishonesty at the highest […]

    Legal duty to conduct the FCA IRHP Review Fairly – Suremime v Barclays Bank

    Posted on August 3rd, 2015 by Sivakumaran Sivathillainathan

    The High Court has decided that it is arguable that major banks owe duties of care to their SME customers to conduct the FCA Interest Rate Hedging Product (IRHP) Review in accordance with the rules agreed with the Financial Conduct […]

    The Sunday Times: ‘We will battle on, warn victims of bank mis-selling’

    Posted on August 2nd, 2015 by Jenny Julian

    The Sunday Times reports on the largest ever publicly disclosed settlement of an interest rate swaps mis-selling case. The derivatives in question were sold to a Care Home by Lloyds Bank, which refused to compensate their customer via the FCA-backed IRHP Review […]

    The Sunday Times: ‘Lloyds pays up on rate swap wrangle’

    Posted on July 26th, 2015 by Jenny Julian

    Kiki Loizou, of The Sunday Times, reports on our Financial Services Litigation team’s recent successful settlement of a swaps mis-selling litigation case.  A multi-cancellable swap was sold to a Care Home operator by Lloyds Bank. The bank refused to compensate […]