Govt can sue French bank over 'mis-selling' to Northern Rock

clock

The government has been told it can sue French banking giant Societe Generale for allegedly mis-selling financial products to Northern Rock that were partly to blame for UK lender's collapse.

The highest court in New York has ruled that Northern Rock Asset Management (NRAM), the UK taxpayer-owned institution salvaged from the ashes of the collapsed bank, should be allowed to take legal ...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Industry Voice: The Consumer Duty - are you investing in fair value?

Industry Voice: The Consumer Duty - are you investing in fair value?

The new Consumer Duty is being described as the biggest regulatory overhaul since the introduction of the Retail Distribution Review (RDR) in 2012. As the regulatory screw continues to be tightened around client outcomes, how can advice firms make sure...

Royal London
clock 06 June 2022 • 4 min read
Ukraine crisis panel: Investment experts respond to key questions

Ukraine crisis panel: Investment experts respond to key questions

Global challenges

clock 10 March 2022 • 1 min read
Disgraced fund manager Neil Woodford

Treasury Committee presses FCA to conclude Woodford investigation

‘As swift as possible’

James Baxter-Derrington
clock 10 January 2022 • 1 min read