Barclays closes repayment gap

Tim Wallace
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BARCLAYS has accelerated its redress payments to small firms who were mis-sold interest rate swaps, official figures showed yesterday.

The bank has now determined how it will repay 64 per cent of customers affected, the Financial Conduct Authority (FCA) said.

The March figure is up from 50 per cent in February and is firmly ahead of the 58 per cent the FCA expected to be complete by now.