Blow For Small Firms Demanding Bank Redress

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Blow for small firms demanding bank redress

Banks look to have dodged yet another multi-billion pound compensation bullet after a QC ruled that the Financial Conduct Authority (FCA) has no powers to act on thousands of small business loans containing interest-rate swaps. Some £1.8bn in compensation has been paid out after the financial watchdog launched a review of interest-rate swaps that were sold…

2020 Letter: Maverick Is Set To Take Advantage Of The Great Hedge Fund Unwind [Exclusive]

Short-sellers have been feeling the pain for months, but especially over the last two weeks. In his fourth-quarter letter to investors, Maverick Capital's Lee Ainslie pointed out the unprecedented levels stock prices have reached and why short-sellers have been hurting. Q4 2020 hedge fund letters, conferences and more   High market caps Ainslie noted that Read More


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