Barclays (BCS), HSBC (HBC), Lloyds (LYG) and RBS (RBS) will have to “provide appropriate...

|About: Barclays PLC (BCS)|By:, SA News Editor

Barclays (BCS), HSBC (HBC), Lloyds (LYG) and RBS (RBS) will have to “provide appropriate redress” in cases of mis-selling interest rate swaps to customers, according to the U.K.'s Financial Services Authority, adding that the mis-sales had resulted in a "severe impact" on a number of businesses.