Mis-selling swaps and the struggle for compensation
It’s been a year since the banking regulator said 1,000s of small businesses had been mis-sold interest rate swaps. Yet for one such business, the compensation battle continues.
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Mark Carney, the incoming governor of the Bank of England, is widely praised. So how good a job has he done in his five years in charge of Canada’s central bank?
It’s been a year since the banking regulator said 1,000s of small businesses had been mis-sold interest rate swaps. Yet for one such business, the compensation battle continues.
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RBS Chief Executive Stephen Hester tells Channel 4 News he would have been prepared to take the bank through privatisation, but that “would have been the end of a journey”.
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I may just have an E at economics A level, but some of the same ingredients that led to the economic crash in 2008 seem to be appearing again, and my financial contacts don’t disagree.
Tax havens are to commit to disclose the bank details of British taxpayers, as campaigners challenge an alleged deal allowing Goldman Sachs to skip a multi-million-pound interest bill on unpaid tax.