Belfast Telegraph

Banks start to pay out on mis-selling

Press Association

BANKS have begun compensating small businesses that were mis-sold complex financial products. The Financial Conduct Authority said that 10 firms have agreed compensation deals, totalling £500,000, after 210 offers were sent out, with another 1,700 due to go out shortly. Lenders have identified 30,000 cases of potential interest rate swap mis-selling.

BANKS have begun compensating small businesses that were mis-sold complex financial products. The Financial Conduct Authority said that 10 firms have agreed compensation deals, totalling £500,000, after 210 offers were sent out, with another 1,700 due to go out shortly. Lenders have identified 30,000 cases of potential interest rate swap mis-selling.

Belfast Telegraph

Popular