‘This case raises once again the question of the extent of the duty of care which a bank owes to a retail customer to whom commercial borrowing facilities have been extended. There was no hedge sold to the claimants in the present case. The transactions in question simply involved switching borrowing from a variable rate to a fixed rate for a term of 10 years.’
Judges:
Havelock-Allan QC HHJ
Citations:
[2017] EWHC 314 (QB)
Links:
Jurisdiction:
England and Wales
Banking
Updated: 24 March 2022; Ref: scu.581417
