HomenewsCurrency Claims

  • The Brexit effect on currency derivatives sold to UK companies

    • September 1, 2016
    • Posted by: cooperstern
    • Category: Currency Claims
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    The repercussions of Brexit on the value of the pound has led to drastic losses on currency derivative contracts. As a result we are seeing an increase in mis-selling claims due to the losses, which were arguably foreseeable by experts. Statistics reveal that around a quarter of all UK SMEs use hedging products in order

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  • RBS Set £2bn Aside for Financial Mis-selling and Litigation

    • February 17, 2016
    • Posted by: cooperstern
    • Category: Currency Claims, Investment Claims, Uncategorised
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    17 Feb 2016 The Royal Bank of Scotland (RBS) have set aside an additional £2 billion to cover compensation payments for financial mis-selling and past misconduct. £1.5 billion has been set aside to cover litigation costs in the US for mis-selling toxic bundles of mortgage debt. The biggest case to be lodged against RBS involves

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  • Barclays Fined ANOTHER $150m for Forex Practices

    • November 24, 2015
    • Posted by: cooperstern
    • Category: Currency Claims, Investment Claims, Other
    No Comments

    24 Nov 2015 Barclays have been hit with another huge fine of $150m (around £100m) for its Forex practices; they have been found to have mislead its customers using its currency trading systems. After an ongoing investigation The New York Department of Financial Services (DFS) found that Barclays would cancel customers trades if the market

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  • Mis-sold Currency Swaps: Have You Been Affected?

    • September 9, 2015
    • Posted by: cooperstern
    • Category: Currency Claims, Investment Claims
    No Comments
    Mis-sold Currency Swaps: Cooper Stern - Mis-sold Investment Specialists

    09 Sept 2015 Businesses that trade internationally often seek to protect themselves from currency fluctuations, they do this by entering in to extremely complex hedging agreements with their bank. In some cases banks have taken advantage of the complexity of these agreements and sold inappropriate products that weren’t needed. Instead of protecting businesses these products

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