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Banks remain on track to offer redress for mis-sold swaps, UK FCA says

( April 8, 2014, 10:14 GMT | Official Statement) -- MLex Summary: UK banks are on track to offer redress to customers that were mis-sold interest rate swaps within a year of starting their reviews, the Financial Conduct Authority said. Lloyds Banking Group and Royal Bank of Scotland are on track to hit their May target, having taken action to reduce the gap between their actual and projected position in March.The text of the statement follows....

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