BBC News – BBA: Banks must rebuild trust after swaps scandal

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BBC News – BBA: Banks must rebuild trust after swaps scandal

2nd June 2014, 11:01:AM

Banks “have to rebuild trust” of small firms following the interest rate swap scandal, a banking industry representative has claimed. Small businesses were sold interest rate swaps by banks designed to help them if interest rates rose, but when rates fell some lost tens of thousands of pounds. The Financial Conduct Authority told banks to […]

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BBC News – BBA: Banks must rebuild trust after swaps scandal

BBC News – BBA: Banks must rebuild trust after swaps scandal

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