Frenkels Forensics has advised a significant number of clients on the mis-selling of interest rate hedging products (IRHPs) by the banks by pinpointing the relevant losses.
These losses include not only those arising from the additional interest charged but also, and in many occasions more importantly, any consequential losses to the business.
Many businesses and individuals were aggressively sold hedging products such as interest rate swaps. With banks not making clients aware of the full financial implication of the hedging products or the large exit fees or all the range of risk management products available at the time, many businesses and people have suffered devastating losses.
Our expert support typically involves:
Other work in this field includes quantifying PPI claims where the banks mis-sold these products.
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