Posts tagged 'Mis-selling'

A peek into the swaps swamp

First up, consider this comic flow chart from the FCA. Click to enlarge.

Yes, of the 30,169 cases of potential mis-selling of interest rates hedges to gullible British businesses, a sum total of 10 cases have so far been settled. The bill to date is £500,000, but there’ll be a few zeros added to that figure before we’re through. Read more