All the major U.K. banks, including HSBC (HBC), Barclays (BCS), Lloyds (LYG) and RBS (RBS), are...

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

All the major U.K. banks, including HSBC (HBC), Barclays (BCS), Lloyds (LYG) and RBS (RBS), are facing legal action that could result in billions of pounds of damage payments, according to a report in The Sunday Telegraph, with small and medium-sized businesses claiming the banks profited at their expense by pushing them to buy complex interest rate derivatives.