The big auditing firms prepare to make millions from Britain's banks over the mis-selling of insurance and interest rate swaps.

The 'big four' accounting firms are set to reap fees running into millions of pounds for supervising the clean-up of the latest bank mis-selling scandal. I understand that HSBC has hired Deloitte and Barclays has appointed KPMG to act as the independent reviewers of their sales of interest rate swaps to small business customers. The four biggest banks agreed with the Financial Services Authority last month that they would examine the sale of tens of thousands of these swap products, which were designed to protect against fluctuations in interest rates but which were often inappropriately sold.....Read more here: Auditors To Cash In On Bank Mis-Selling