A small group of businesses who claim they were mis-sold fixed rate loans containing embedded swaps by Yorkshire Bank held a vocal protest outside the bank’s head- quarters in Leeds yesterday afternoon.
Two protesters led by John Glare, 50, of Liverpool, handed out cards giving details of their campaigning group’s website.
A Yorkshire Bank spokesman said: “Last year, we agreed with the FSA that we will conduct a review of the sale of our interest rate hedging products in line with their published determinations.
“Fixed rate tailored business loans (TBLs) differ from these products, and so are not included in the review.”
The spokesman said if any customer was concerned about the sale of their fixed rate TBL, they can still use the bank’s normal complaints procedure.
Referring to the protest, the spokesman added: “Some leaflets were handed out peacefully by a small group outside our Merrion Way office.”