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Pressure on Banks Increases over Interest Rate Swaps: Cat MacLean Quoted in Press

 

On a key day in the development of the investigation into the alleged mis-selling of complex financial products to businesses, each of Barclays, HSBC, Lloyds Banking Group and RBS have admitted responsibility in the face of an investigation by the FSA.

Cat MacLean has provided analysis to The Scotsman newspaper today on the issue:

http://www.scotsman.com/business/banking/interest-rate-swaps-the-latest-focus-of-banking-investigation-1-2382385  

MBM Commercial has a significant number of clients who believe they have been mis-sold swaps and greatly welcomes the long awaited FSA finding of misselling by UK’s major banks.

For more detailed commentary on the story as it develops, please visit our Banking Disputes Blog.

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