Use it For Press release
WORDS: 572
KEYWORD PHRASE: HSBC interest rate swap mis-selling
NO.
OF KEYWORD MENTIONS: 11 (incl.
title)
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FSA Reveals Cases of HSBC Interest Rate Swap...
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Use it For Press release
WORDS: 572
KEYWORD PHRASE: HSBC interest rate swap mis-selling
NO.
OF KEYWORD MENTIONS: 11 (incl.
title)
_____________________________________________________________________
FSA Reveals Cases of HSBC Interest Rate Swap Mis-selling
After concerns raised by the British press, The FSA recently declared its investigation has yielded
‘serious failings’ in the way HSBC has marketed its interest rate hedging products.
Consequently, the
bank has agreed to compensate its small and medium-sized business clients for HSBC interest rate
swap mis-selling.
Joining HSBC are Barclays, Lloyds and Royal Bank of Scotland.
HSBC has stopped the sale of interest rate hedges and has agree to pay compensation to thousands of
clients, which has left some of their clients with extortionate costs that the bank failed to warn them
about when they were sold the product.
As a result, these customers have been victims of HSBC
interest rate swap mis-selling and are entitled to appropria
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