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Report Finds Widespread Faulty Derivative Sales By UK Banks

By Keith Goldberg (January 31, 2013, 5:03 PM EST) -- A review of interest rate hedging products sold to small businesses by Barclays PLC, The Royal Bank of Scotland Group PLC and two other major British banks revealed that over 90 percent of the sales were improper, U.K. financial regulators said Thursday....

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