HM Treasury Split On Banks’ Mis-Selling Findings

28 Jan 2013

Officials at HM Treasury are divided on how to deal with the U.K.’s Financial Services Authority’s findings on bank’s mis-selling of interest-rate swaps, with one camp pressing for full compensation to victims, while others fearing such a scheme could “cost too much and blow a hole in banks’ balance sheets.”

Officials at HM Treasury are divided on how to deal with the U.K.’s Financial Services Authority’s findings on bank’s mis-selling of interest-rate swaps, with one camp pressing for full compensation to victims, while others fearing such a scheme could “cost too much and blow a hole in banks’ ...

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