Some of the High Street banks are now promoting their ‘lending appeals process’ which they have put in place to deal with situations where a small business is dissatisfied with the decision that the bank has made about a loan or overdraft application. It is worth knowing a couple of points about this: A business Read more about Bank lending appeal procedures[…]
More adverse press coverage is coming out about how the bank’s SWAP review processes are being undertaken. Specifically there are concerns which are being pursued by the parliamentary group on swaps mis-selling (Chaired by Guto Bebb) that RBS has adopted a different approach to the other banks involved. These concerns have arisen from a review of the Read more about SWAP damages reviews – some inconsistencies causing concerns[…]
Interesting to have met the lawyer that was successful in the ‘RBS v Carlyle’ case. A lot has been written about this landmark case (which was about the bank reversing its decision to lend to a developer) but it was good to get more of the inside story. It is of course another ‘David v Goliath’ Read more about ‘RBS v Carlyle’ case[…]
My comments here must not be construed as a legal opinion, but instead some practical observations based upon examining a few cases in their early stages. The issue here is that many lenders have been providing commercial loans to SME’s with a fixed rate of interest to protect the borrowers of course against rising rates. Read more about Is a ‘fixed rate commercial loan’ actually a loan with an embedded swap?[…]