Barclays increase insurance mis-selling war chest by £1billion

It is reported that Barclays Bank has been forced to increase the money it has set aside to cover mis-selling scandals by an extra £1bn.

The bank’s exposure to claims relating to mis-sold interest rate hedging products to businesses, as well as its part in the PPI scandal, is not unique amongst high street lenders, but it is an indication that it expects an upturn in claim numbers over the course of the next 12 months .

Stone Rowe Brewer share the view that any small business that has been mis-sold insurance products of this nature should be swiftly and fully restored to the position they would have been without the mis-sale, and our track record in winning substantial damages for clients drawn from every business sector underlines why we are the perfect choice to take on your case.

If you feel your company has been mis-sold an insurance policy and has suffered as a consequence of a similar bank product, please call John Andrews on 020 8891 6141.