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Etymologies
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Examples
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U.K. banks were accused of misselling insurance cover and have to pay cash back to clients who took out loans and were forced to buy expensive credit insurance.
Trouble in U.K. Squeezes Santander Christopher Bjork 2011
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Analysts are now raising their initial estimates of how much the misselling could cost the industry, based on the Lloyds' figure, which the bank said it reached after long discussions with the regulator.
U.K. Banks Face Insurance Headache Margot Patrick 2011
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Norwich and Peterborough Building Society has been fined £1.4 million $2.9 million by the U.K. Financial Services Authority and agreed to pay more than £50 million to customers for misselling structured investments from collapsed product-provider Keydata Investment Services.
Business Watch 2011
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The British Bankers Association lashed out against the U.K. high court's rejection of its claim for a review of Financial Services Authority guidelines on compensation for misselling of payment protection insurance, and would consider appealing the decision.
Business Watch 2011
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Banks must introspect on issues such as excessive risk taking, misselling of foreign exchange derivatives, and an excessive focus on quarterly earnings, Mr. Subbarao added.
RBI: Guidelines on New Bank Licenses Soon Nupur Acharya 2011
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The order may give a fresh twist to the ongoing legal dispute between the lenders and several small and mid-sized companies, which allege that the misselling of derivative products had caused them billions of rupees in losses.
RBI Penalizes 19 Banks for Violating Derivatives Rules Nupur Acharya 2011
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For instance, some firms and their lawyers try to evade liability for misselling by spinning (essentially falsifying) the asset allocation after the fact.
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A drop in value, caused by a market crash, is irrelevant to the original misselling.
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A drop in value, caused by a market crash, is irrelevant to the original misselling.
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For instance, some firms and their lawyers try to evade liability for misselling by spinning (essentially falsifying) the asset allocation after the fact.
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