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VIDEO:News

U.K. Banks Face Rate-Hedge Payout

Description:Britain's banks may have to compensate thousands of small businesses who were sold interest rate-hedging products they didn't need or understand. Dow Jones's Max Colchester says an initial study suggested 90% of these products were mis-sold. (2:48)

Source: WSJLive

Tags: UK Banks Face Rate-Hedge Payout , interest rate derivatives , The Wall Street Journal , u.k. banks breach regulatory rules

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