Rate swaps compensation starts
Banks have started paying compensation for mis-selling of interest rate swaps and the bill is expected to increase rapidly over coming months, the Financial Conduct Authority says.
Compensation to be sent to 1,700 over mis-selling
The FCA says it expects rate swaps compensation offers to increase rapidly in coming months with 210 offers already sent to customers, with 1,700 due shortly.
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What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.