Iestyn Davies
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Interest rate swaps: Small firms urge mis-sold loans help

1 August 2014 Last updated at 15:20 BST

Small firms need better protection from banks over mis-sold loans, according to the Federation of Small Businesses Wales.

Critics claim a scheme to compensate businesses who have been mis-sold financial products known as interest rate swaps is failing.

Banks argue they are working hard to make fair offers to companies.

But FSB spokesman Iestyn Davies said small firms should be treated differently to global corporations.

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