Home > Legal Articles > Up to 100,000 firms could have been mis-sold interest rate swaps

Topic: interest rate swap mis-selling


  • Paul Stubbs - Litigation
    Up to 100,000 firms could have been mis-sold interest rate swaps
    by

    Last week we provided an update on the Financial Services Authority’s review into the mis-selling of interest rate swap agreements. Business Secretary Vince Cable has now said up to 100,000 firms could have been mis-sold interest rate swaps and UK lenders are expected to face a compensation bill of at least £1 billion as a… Learn more

  • Paul Stubbs - Litigation
    Mis-selling of Interest Rate Swaps – A Recent Surge in Claims
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    There has recently been a surge in small and medium sized businesses filing claims for the mis-selling of interest rate swap agreements.  We anticipate this to be down to the upcoming introduction of the Jackson reforms in April 2013. The Jackson reforms will see the option of funding a claim by way of a Conditional Fee… Learn more

  • Interest rate swap mis-selling – time to step forward
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    Firms affected by interest rate swap mis-selling have been urged to step forwards by the Federation of Small Businesses, amid concerns that some owners may be afraid of having their loans foreclosed by their banks. In a Catch-22 situation, companies whose finances have been ruined by having been mis-sold interest rate swaps may now be… Learn more

  • Interest rate swap mis-selling – on a par with PPI
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    Interest rate swap mis-selling has been put on a similar level to the recent PPI mis-selling scandal by FSA chairman Adair Turner. Speaking at the authority’s annual public meeting earlier this month, the chairman explained that the two issues have been keeping the FSA’s enforcement team busy over the past 12 months. Over that time,… Learn more

  • Interest rate swap mis-selling – the scale of the problem
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    Interest rate swap mis-selling has been on our radar for months, but is only now beginning to gain proper traction – and has been making headlines in the national press over the past few days. For businesses whose finances have been devastated due to mis-sold interest rate swaps attached to their loans, it can feel… Learn more


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