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.
FCA: £500,000 compensation for rate swap mis-selling
The UK Financial Conduct Authority says 10 offers of redress for interest rate swaps mis-selling were accepted by the end August, totalling £500,000.
More top news
-
Joe Biden vows to fight racial inequality with economic agenda
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
-
Trump reverts to promoting unproven drug as coronavirus treatment
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
-
What the papers say – July 29
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.