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Specialists in Financial Mis-selling

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Author Archives: Maurice Power

Ferguson Financial appoint specialist solicitor

October 3rd, 2014 by

Ferguson Financial Solicitors are pleased to announce the appointment of Sundip Mapara to their team supporting the insolvency market.

Sundip qualified as a solicitor in 2010 with Shakespeare Putsman Solicitors (now Shakespeares Solicitors) in Birmingham. Since qualifying Sundip has gone on to work for Coltman Warner Cranston and latterly KW Law LLP, as a solicitor dealing with all aspects of commercial litigation, debt recovery and insolvency.

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Mis-Selling Derivatives: Banks Pay Only £158m in Redress for 1,040 Victims

January 10th, 2014 by

Britain’s biggest banks have only paid out £158.6m in redress to just over 1,000 victims of mis-sold interest rate swap agreements, despite an estimated 40,000 businesses being affected by the scandal.

According to the Financial Conduct Authority’s latest progress report, just 1,040 victims have accepted “full tear up” and alternative product offers and £158.6m (€192m, $261m) has been paid out so far.

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