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NatWest Escapes Property Investor's £14M Misselling Suit

Law360, London (December 17, 2018, 1:22 PM GMT) -- A judge at the High Court in London found in favor of NatWest on Monday in a suit brought by a U.K. investment company over whether the lender had misrepresented a hedging product that it sold to the property firm, allegedly causing £14 million ($17.6 million) in losses.

NatWest had not appeared to take “professional pride” in a complex interest rate swap in 2008, but did not missell the product, a judge has ruled at the High Court in London. (AP) Judge Robin Knowles said that National Westminster Bank PLC had not appeared to take “any professional pride” in the “unsatisfactory”...

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