The banking industry in the UK has recently been accused of keeping a great deal of cash in order to make its balance sheets more stable while the financial crisis occurs. The argument is that this money should not be imported by the banks, but be lent out instead to encourage businesses to grow, to […]
Tag: high street banks
Banks try all ways to avoid litigation for mis-selling products to businesses
Banks that stand accused of mis-selling complex interest rate hedging products are trying to fend off litigation on the part of businesses that have lost money as a result of purchasing the products. These derivatives are ostensibly designed to protect the borrower in the event of an interest rate increase, but they do not adjust […]