The plaintiff firm of solicitors appealed against a decision refusing its claim for dmages after the defendant, its bankers, had failed to inform them of the existence of an account which would have paid them a higher rate of interest.
Held: The appeal failed: ‘A bank’s relationship with a client is not without more one in which duties of disclosure are imposed upon the bank as a matter of general law and there is nothing in the relationship of this particular customer with this particular bank which results in the imposition of such duties. ‘
Citations:
[1999] EWCA Civ 851
Jurisdiction:
England and Wales
Banking
Updated: 05 December 2022; Ref: scu.145766