The Financial Services Authority (FSA) is investigating claims that Barclays mis-sold complex financial contracts called swaps to business clients. The regulator said it plans to "consider appropriateness of the product and how it was sold". Barclays said a confidentiality clause had been included "in error". Last November the BBC reported on widespread claims by small businesses that they had been mis-sold swaps by other High Street banks.
A spokesman for the FSA told the BBC that it had investigated some individual cases of swaps mis-selling in the past after receiving a "handful of calls to our contact centre", and had asked the lenders involved to "review their systems and correct any problems". The latest investigation follows a report in the Sunday Telegraph that Barclays asked a care home provider to keep information about a swap confidential from the FSA....Read more here--: BBC News - Barclays investigated by FSA for swap mis-selling claim