Barclays, HSBC, Lloyds and RBS have admitted to mis-selling interest rate hedges to small and medium sized business customers and agreed to compensate them as well as stop selling the most complex products.

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Royal Bank of Scotland and Lloyds have been accused of systematically rigging financial markets in a growing international scandal which wiped billions off the value of shares in Britain’s biggest banks.

Continue Reading at Telegraph.co.uk…

EU leaders to use bailout fund to prop up struggling banks, in victory for Spain and Italy

by Angela Charlton, Don Melvin
Yahoo! News

Continue Reading at Ca.News.Yahoo.com…


 

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