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Fri 02 Feb 2010Mis-selling of bank products revealed
A number of banks are facing possible sanctions after they were found to be wrongly mis-selling financial products to elderly people.
A so-called 'mystery shopping' exercise involving people who were mainly aged between 72 and 79 years of age, uncovered attempts by four financial institutions to persuade the customers to invest in six-year bonds to older people, rather than put their money in deposit accounts.
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