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  • Posts Tagged ‘Swaps Mis-selling’

    APPG on Fair Business Banking: Improve SMEs access to justice and establish a Financial Services Tribunal

    Posted on July 12th, 2018 by Jaron Dosanjh

    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 […]

    LEXLAW Submits Evidence to the Treasury Committee’s SME Finance Inquiry

    Posted on June 15th, 2018 by Jaron Dosanjh

    We have today submitted evidence on the ineffectiveness of existing arrangements for dispute arbitration and settlement between SMEs and banks to the Treasury Committee‘s SME Finance Inquiry.    Re: Submissions to the Treasury Select Committee’s SME Finance Inquiry in relation […]

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

    Posted on March 5th, 2018 by Jaron Dosanjh

    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 Group Ltd v The Royal Bank of Scotland Plc [2016] EWHC 207 […]

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    HM Parliament Condemns RBS GRG’s Parasitic Treatment of SMEs

    Posted on January 26th, 2018 by Jaron Dosanjh

    On 18 January 2018, a Parliamentary backbench motion on RBS’s Global Restructuring Group’s (GRG) systemic failure to protect SMEs has received unanimous Ministerial support in condemning the bank’s parasitic relationship and systematic asset stripping of the British business sector. The debate […]

    RBS’ GRG ‘Just Hit Budget’ Memo: ‘let customers hang themselves’

    Posted on January 19th, 2018 by Jaron Dosanjh

    “Rope: Sometimes you need to let customers hang themselves.” A damning 2009 internal memo entitled “Just Hit Budget!” was published on 17 January by the Treasury Select Committee as MPs ramp up their investigation into RBS’s Global Restructuring Group’s mis-treatment of SME’s. […]

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    Ross McEwan claims RBS “deeply regret the mistakes made in the past” yet fails to accept critical report’s findings in letter to Nicky Morgan MP

    Posted on November 2nd, 2017 by Sophia Hanif

    In a letter to Treasury Select Committee chair Nicky Morgan MP, Ross McEwan, Chief Executive of the Royal Bank of Scotland Group, speaking about the GRG report, acknowledges that the bank could have “done better” in managing SME customers in financial […]

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

    Posted on July 25th, 2017 by Jenny Julian

    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 seeking damages of over £500,000. The charity has won the right to see documents […]

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

    Posted on February 25th, 2017 by Jenny Julian

    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 December 2016. The underlying litigation, the outcome of which is being appealed, […]

    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 […]