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Interest Rate Swap Litigation – the Limitation Time Bomb

With The FCA review now in full flow, and 96% of people getting confirmations that they have been missold, were the Banks and The FCA correct in saying you do not need a solicitor? No, and it is dangerous to try and deal with matters on your own. The reason is not: Because the banks cannot be trusted to reach the right conclusion That lawyers just trying to get...

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 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...