Tag: RBS
Property Alliance v RBS (2018) – Court of Appeal locks down LIBOR claim
Property Alliance Group Ltd (“PAG”) v Royal Bank of Scotland plc (“RBS”) [2018] EWCA Civ 355. On 2 March 2018, the Court of Appeal nailed down the coffin lid on the first LIBOR-related swaps miss-selling case, between Property Alliance Group and the Royal Bank of Scotland. PAG’s leave to appeal was dismissed. Initial Case PAG’s […]
Ringfence Vaulting to become new sport?
As the electrified ringfence-erecting Banking Reform Bill is poised to enter the statute books, the FT reports HSBC is thinking of hiving off its UK operations in response. The global bank has proposed carving out its UK operation, and floating this retail-focussed, reconfigured bank on the London exchange. The article points out that such an […]