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Javid and Osborne ‘lobbied to reduce mis-selling payouts to small business’
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Sajid Javid and George Osborne put pressure on the City’s financial regulator to reduce compensation payouts from big banks to small business victims of a mis-selling scandal, an independent review has found.
Britain’s biggest banks, including Barclays, HSBC, Lloyds and Royal Bank of Scotland (now NatWest Group), paid £2.2bn in redress payments to small business customers who had been missold complex financial products from 2001-2011. However, a review published on Tuesday by John Swift QC found
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