Heavy hitting US fraud litigation takes leading UK banks by surprise

Just a fortnight ago, leading British banks, including the tax payer owned RBS, unexpectedly found themselves facing a multi-billion pound law suit initiated by US Federal authorities. This surprise move caused an immediate drop in share price. This litigation coupled with a difficult market, SFO investigations and recent scandals is making life difficult for the banking industry.

Patricia Leonard’s article in the New Law Journal explores the regulatory and litigation pressures currently facing the banking industry and discusses whether their impact may trigger a further banking crisis. You can read the full article here.

If you would like to discuss the issues raised in the article with Patricia please contact her through clerks@7br.co.uk