Banks pay £158m swaps compensation
%VIRTUAL-SkimlinksPromo%Banks have increased the pace of granting compensation to small businesses over allegations that they were mis-sold complex financial products, with pay-outs reaching £158.6 million in December.
It means the total nearly doubled in just a month, after standing at £81.2 million at the end of November, according to figures from the Financial Conduct Authority (FCA).