Tag: Swaps Mis-selling

Financial Ombudsman service litigation lawyers london lexlaw fos complaints eligible company banking disputes

Swaps Complaints in the Financial Ombudsman Service Annual Review for 2012/2013

The Financial Ombudsman Service (FOS)  was set up under the Financial Services and Markets Act 2000 to resolve individual disputes between consumers and financial businesses. It has just published its…

lexlaw litigation solicitors in london lawyers professional negligence

The Times: Banks’ secretly settling swaps mis-selling cases

The Times Newspaper has been given inside information from a number of reputable sources that banks are striking secret settlement deals with small businesses over the mis-selling of interest…

RBS Announce Results: Provision for Swaps Mis-selling Increased by 1300%

The Royal Bank of Scotland have today announced their 2012 results.  These show an operating loss of £5.2 billion with a total loss for 2012 of £5.8 billion. They…

barclays bank london lexlaw litigation solicitor bank misselling claims litigation lawyers barristers libor professional negligence

Barclays announce 2012 results – Provision for swaps mis-selling £850 million

Barclays Bank have today announced their results for 2012 [Barclays Bank Results 2012]. Barclays’ Announcement on Swaps Mis-selling (IRHPs or IRSAs) These deal with swaps mis-selling on page…

RBS fined for LIBOR Manipulation; will lead to increased LIBOR Litigation

The Financial Services Authority (FSA) has today announced a fine of £87.5 million on RBS in relation to manipulation of the London Interbank Offered Rate (“LIBOR”).   This…

uk bank litigation claim solicitors uk

What is Sophistication in the FSA Swaps Mis-selling Scheme?

The Financial Services Authority’s announcement on the swaps mis-selling pilot reviews (31 January 2013) brought in a refinement of the 29 June 2012 announced test of sophistication. That test…

uk bank litigation claim solicitors uk

FSA Findings on Banks’ Pilot Swaps Mis-selling Review

The FSA has today published a long-awaited press release setting out the findings of their ‘pilot scheme’ in relation to the mis-selling of complex interest rate derivatives to…

berkshire hathaway lexlaw warren buffett litigation solicitors london

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…