Small to medium-sized businesses in the UK are due to be compensated after the Financial Services Authority estimated

What's in the bag? Business of Software 2010

that 90% of interest rate swap contracts were mis sold. The scandal has thrown up a number of similarities with the Payment Protection Insurance controversy, in which scores of British banking customers were duped into paying into PPI schemes when they didn’t want, need or ask for them.

It’s expected that the forthcoming reviews will shine light on a series of underhand tactics being used by the banks. Continue reading

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