News Column

HSBC in lead on swaps redress

May 9, 2014

? HSBC is ahead of the other big banks in contacting small firms who were mis-sold interest rate swaps, the Financial Conduct Authority said yesterday. The bank has sent outcome statements to 99 per cent of customers who opted into the scheme. Lloyds is next with 96 per cent, with Barclays at 78 per cent and RBS at 75 per cent.

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Source: City A.M. (UK)

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