In a leading case, the Court examined the extent of the duty of care that a bank owes to its customers when executing their orders.
On 30 October 2019, the UK Supreme Court dismissed Daiwa’s appeal in the case of...more
11/4/2019
/ Appeals ,
Banking Sector ,
Breach of Duty ,
Dismissals ,
Duty of Care ,
Fiduciary Duty ,
Financial Crimes ,
Fraud ,
Public Policy ,
UK ,
UK Supreme Court
The new code aims to avoid customers being penalised for fraudsters’ actions.
Estimates indicate that fraudsters stole £1.2 billion from UK bank accounts in 2018 — a 16% increase on the previous year....more