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Latest investment mis-selling scandal lands HSBC with £149M bill

Following the impressive third quarter result from banking giant HSBC, it was announced that the Bank have made further provision of £92 Million to compensate customers mis-sold PPI and £83 Million to for firms mis-sold interest rate swap hedging products. Interestingly, HSBC has set out £149 Million to pay out to an approximate 200,000 customers mis-sold...

Interest Rate Swap Success: “Tear up the product”

Josiah Hincks’ Litigation Partner, Steven Mather, has had yet another success story in the fight for Justice against the Big Banks – by getting the bank to admit it mis-sold a complex financial product and confirming they will tear up the contract. Rate Swap products, also known as Interest Rate Hedging Products, are complicated financial products sold by...

Interest Rate Swap Litigation Update June 2013

Interest Rate Swap Litigation Update I like to think that my firm, Josiah Hincks, is at the forefront of the Interest Rate Hedging Product (IHRP) litigation. I’ve got a dozen or so cases on at the minute, varying in size, banks, and progress. Some have not issued Court proceedings, some have and some I actually have Judgment on (because of the Banks’ default...