Banks Facing Huge Bills Over Mis-Selling Scandal

The video discusses the impact of bank practices on individuals and small businesses, focusing on the mis-selling of financial products like swaps. It highlights the lack of transparency and the resulting financial losses faced by clients. The FSA's findings reveal widespread misconduct, prompting banks to set aside funds for compensation. The video emphasizes the need for banks to act in the interest of their clients and the ongoing efforts to provide redress to affected businesses.

What actions have the banks taken in response to the allegations of misselling?

What impact did the interest rate hedge contracts have on small businesses?