UK bank scam : big 4 to pay compensation


Britain’s biggest banks have agreed to a settlement for misrepresenting interest-rate protection products sold to small and medium-sized businesses, the country’s financial regulator said on Friday. The Financial Services Authority said Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland have all agreed to provide redress to victims of the practice.
http://www.hindustantimes.com/BusinessSectionPage/BusinessBankingInsurance/UK-bank-scam-big-4-to-pay-compensation/Article1-880965.aspx

 

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