Help to challenge banks
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Help to challenge banks

posted in Business by Phillip Harris on 08:30 Jul 4th, 2018

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 MPs eye tribunal to help small firms challenge banks

Small businesses that are victims of fraud, conspiracy and misconduct by British banks could soon be able to sue their lenders without fear of financial ruin. Kevin Hollinrake, chairman of the All Party Parliamentary Group (APPG) for Fair Business Banking, has said the APPG will propose a tribunal, likely funded by the banks themselves, in a report in July. The proposal comes amid ongoing fallout from corporate scandals involving Royal Bank of Scotland's turnaround unit and Lloyds Banking Group's HBOS Reading division.

Source:   Daily Mail (29/06/2018)

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