Ex-Lloyds banker claims ‘risky derivatives sold to as many as possible’

Disturbing inside story of claims against household name revealed in High Court document

Jul 31, 2014 04:50 By

A former banker has claimed Lloyds staff in Birmingham worked in a climate of fear and sold risky products to ill-informed customers – and rewarded themselves with champagne.

The disturbing inside story of claims that complex derivatives were sold in Birmingham to often unguarded customers is revealed in an extraordinary High Court document released to the Post.

Former banker-turned-whistleblower James Ducker has alleged aggressive sales tactics and a culture of fear which forced Lloyds staff to sell allegedly unsuitable products, often to financially-unsophisticated small traders. READ MORE

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