Blog

Interest Rate Swap appeal Lost

The two businessmen involved in the RBS Interest rate Swap appeal in court this week have lost their court appeal. The appeals court ruled that they were out of time. The appeal court ruled that they had missed the six year limit on compensation claims for mis-selling...

read more

Interest Rate Swaps court appeal begins

The first appeal hearing involving interest rate swaps begins today in the court of appeals. This appeal will have a significant impact on small businesses affected by interest rate swap products. It is estimated that some 40,000 small businesses used an interest rate...

read more

Can i claim on a Mis-Sold Payday Loan?

Payday loans are sold to customers as a short-term fix to common financial problems. From vehicle maintenance to unexpectedly high utility bills, these unique financial instruments offer to solve a customer's woes in the short term. They'll be able to pay off the...

read more

Clean up or Face a Ban, Payday Lenders Warned

The consumer watchdog investigated payday lenders and their lending practices and have issued an ultimatum : Clean up in 12 weeks, or face a ban. The office of fair trading investigated 50 payday lenders (making up 90% of the market) and revealed there is widespread...

read more
FSA letter to Treasury committee on Interest Rate Swaps

FSA letter to Treasury committee on Interest Rate Swaps

The Interest Rate Swap mis-selling saga has taken a few twists and turns over  the past year.  On the 3rd of June 2012 the FSA released their findings on Interest Rate Swaps to the Public. However in correspondence between the FSA and the Treasury Committee, the FSA...

read more
FSA Interest Rate Swaps & Hedging Products

FSA Interest Rate Swaps & Hedging Products

As the Interest rate swap scandle unfolded in the mainstream media, fact and figures relating to interest rate swaps have become distorted. The Financial Service Authority (FSA) has published a detailed timeline relating to interest rate swaps and hedging products....

read more

FSA to announce Banks Mis Sold Investments to Customers

The FSA is set to announce, release a dossier that reveals that major high street banks Mis Sold Investments that were risky to thousands of customers. The report will detail how Bank salesmen gave poor and misleading advice which put customers savings, "nest eggs" at...

read more

Swap Claim (IRSA) scandal begins to unfold.

Barclays has been described as having an "aggressive" and "self-serving" under its old Boss Bob Diamond so says it’s new Chief Executive Antony Jenkins. We’ll see if they can dump the old image that easily. They could start by paying small businesses back money taken...

read more
Interest Rate Swaps Glossary

Interest Rate Swaps Glossary

Maple Leaf Financial have a specialist team of solicitors dedicated to dealing with the mis-selling of interest rate swap protection products by the banks. We have created this Interest Rate Swap Glossary as an information guide to help you understand associated Swap...

read more
FSA to Review Interest Rate Swaps handling by Banks

FSA to Review Interest Rate Swaps handling by Banks

The FSA has conducted a fresh review into Banks handling of mis-sold Interest rate swaps to small businesses. We can expect the review / verdict as early as next week. The review into the selling of Interest rate swaps could see Banks contatcing all customers whom...

read more
HBOS Business Loans, Eight People Charged in Connection

HBOS Business Loans, Eight People Charged in Connection

Tonight the BBC reports that Eight people have been charged in connection with HBOS Business Loans. HBOS Business Loans Charges brought in HBOS corruption case Eight people have been charged in connection with business loans made through a high street bank to the...

read more
Banks Selling Interest Rate Swaps to be examined by MP’s

Banks Selling Interest Rate Swaps to be examined by MP’s

The sales of interest rate swaps are being reviewed by MP's and peers. This type of hedging product is under scrutiny, and the future purchases of an over-the-counter interest rate swap may be limited. The FSA staff are currently reviewing the way derivatives of this...

read more
Northern Rock failed to comply with Consumer Credit Act

Northern Rock failed to comply with Consumer Credit Act

Appearing last week in the news was an article about Northern Rock that provided unsecured loans that failed to comply with the Consumer Credit Act and have agreed to repay the interest to customers. Northern Rock borrowers dispute loans More Northern Rock borrowers...

read more

UK Banks must hold Capital for LIBOR Shocks

U.K. banks must hold capital against possible "Libor aftershocks" Speaking to the Parliamentary Banking Standards Committee, Mr. King said class-action lawsuits against banks over alleged fixing of the London Interbank Offered Rate could be large and are part of a...

read more
FoS reveal results over Interest Rate Swap Mis selling

FoS reveal results over Interest Rate Swap Mis selling

The Financial Ombudsman Service has provisionally upheld two decisions relating to advice given to investors from banks on interest rate swap products, stating that the investments exposed them to “significant potential costs”. While Fos told FTAdviser that the...

read more