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Bad business: Scandal of 'exploited' small firms crippled or killed by bankers mis-selling them loan deals
Small businesses have been ‘systematically exploited’ by bankers in a loan mis-selling scandal of enormous proportions, MPs said yesterday. One dubbed it the ‘new PPI’ – a reference to the £9billion payment protection insurance scandal that has cost banks billions in compensation. In an explosive Commons’ debate, MPs from all parties said their constituents were among up to 300,000 small firms who took out loans which are now crippling, or even killing, their businesses....Read more here: Bad business: Scandal of crippled small firms who were 'exploited' by bankers mis-selling them loan deals
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