“High street banks have assembled a dream team of top-ranked QCs to fight a test case this week that could determine the future of retail bank fees.”
The Times, 14th January 2008
Source: www.timesonline.co.uk
“The long-awaited court case that will determine whether thousands of aggrieved bank customers can pursue overcharging claims against banks begins today.”
The Independent, 14th January 2008
Source: www.independent.co.uk
“Investment banks are facing a wave of litigation bigger than the Enron scandal but are unlikely to roll over this time, lawyers said.”
The Times, 9th January 2008
Source: www.timesonline.co.uk
“A test case on whether British bank charges are legal and fair begins in earnest next week when the High Court hears evidence on the fees in a key phase of a potentially long legal battle.”
The Guardian, 9th January 2008
Source: www.guardian.co.uk
“The chancellor is planning to give the Financial Services Authority more power to deal with failing banks to avoid another Northern Rock-style crisis.”
BBC News, 4th January 2008
Source: www.bbc.co.uk
“After the NatWest Three decision, what are the ramifications for other British business people?”
The Times, 11th December 2007
Source: www.timesonline.co.uk
“Britain’s high street banks have raised billions of pounds in funds through complex financial deals that use supposedly charitable trusts which are not donating a penny to good causes, the Guardian has learned.”
The Guardian, 5th December 2007
Source: www.guardian.co.uk
“The Information Commissioner launched an investigation yesterday after it was revealed that thousands of Britons’ bank details are available for sale on the internet.”
The Independent, 3rd December 2007
Source: www.independent.co.uk
“Northern Rock is facing a Charity Commission investigation after it emerged that the bank exploited the name of a charity for disabled children while creating an elaborate financial arrangement for maximising profits from home loans.”
The Guardian, 28th November 2007
Source: www.guardian.co.uk
“Banks have been accused of condoning criminal behaviour among customers by allowing them to exceed their agreed overdraft limits.”
The Times, 16th November 2007
Source: www.timesonline.co.uk
“The Office of Fair Trading yesterday warned Britain’s banks it intended to take them to task over unauthorised overdraft charges whatever the outcome of a High Court test case on the fees that is scheduled to begin in January.”
The Independent, 16th November 2007
Source: www.independent.co.uk
“Leading lawyers are united in the belief that the market downturn will lead to an increase in cases between financial institutions, as firms face up to the prospect of taking on the big banks. Claire Ruckin reports on the results of the latest Big Question survey.”
Legal Week, 15th November 2007
Source: www.legalweek.com
“The Financial Services Authority (FSA) will be accused tomorrow of failing to supervise Northern Rock when MPs grill officials over the watchdog’s role in the crisis.”
The Times, 8th October 2007
Source: www.timesonline.co.uk
“Savers in banks and building societies will have the first £35,000 of their deposits 100 per cent guaranteed from today under reforms to prevent a repeat of the Northern Rock affair.”
The Times, 1st October 2007
Source: www.timesonline.co.uk
“A lung cancer patient has gone to court to stop his bank contacting him about repayment of a loan after he was called 762 times in ten months.”
The Times, 25th September 2007
Source: www.timesonline.co.uk
“Banks are still facing a mass revolt from customers despite the halting of some claims in the run-up to a test case in the High Court, The Independent has learnt.”
The Independent, 28th August 2007
Source: www.independent.co.uk
“Barclays Bank has been ordered to stop taking penalty overdraft charges from a customer’s account until the test case over the penalty fees has been decided in the High Court.”
The Times, 24th August 2007
Source: www.timesonline.co.uk
“A judge has stopped Barclays bank taking any more penalty charges and interest from a customer who sued for their return.”
BBC News, 24th August 2007
Source: www.bbc.co.uk
“A meltdown in the credit markets could lead to banks, hedge funds and private equity firms finding themselves embroiled in years of costly litigation, lawyers warned today.”
The Times, 10th August 2007
Source: www.timesonline.co.uk
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