UK banks face big bills for mis-selling derivatives to small businesses

The Financial Services Authority said it found serious failings in reviews of products sold by HSBC, Barclays, Royal Bank of Scotland and Lloyds Banking. The FSA looked at 173 sales to "non-sophisticated" customers and found that more than 90 per cent did not comply with the rules.

via Business feed http://www.scmp.com/business/banking-finance/article/1140461/uk-banks-face-big-bills-mis-selling-derivatives-small