Call us on 020 7183 2277
Download LATEST Market Rates >
As we frequently try to inform others about this issue, the potential problem of interest rate swap mis-selling is not just confined to small or medium sized businesses.
Vestia, a Dutch Social Housing Association agreed to unwind c£1.6bn ($2.5bn) of interest rate swaps with its Banks. The Banks included Citibank, Deutsche Bank, Barclays, ABN and others.
Vedanta Hedging has been recently acting for some very large institutions and we have found that there is still a large gap in the understanding that client’s had about the hedging, compared to the Banks that were structuring and selling it.
Vestia are reserving their right to legally challenge their Banks on grounds of “fraud, bribery or other wrong doing”.
Vestia had loans of €6.1bn but had interest rate swap contracts for €22bn.
More details can be found here:
Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.
Nadia has a degree in Business Management and a Diploma for Financial Advisers (Level 4). She has ten years of experience in financial services. This includes FSA regulated adviser roles in HSBC, Halifax and Nationwide. As senior manager at Vedanta Nadia is responsible for managing the office, client contact and marketing for the business.
