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Did banks mis-sell 'swaps' loans to businesses?

Up to 20,000 small businesses may have bought complex financial products from banks without properly understanding the risks, research by the BBC shows.

The Financial Services Authority is close to completing an initial probe into whether banks systematically mis-sold these products, known as swaps, and whether they are now at risk of paying hundreds of millions of pounds in compensation.

Robert Peston reports.

  • 03 Apr 2012
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