Book

Common Law Legal Systems: United States of America

Chapter 11 in A Bank’s Duty of Care
Hart Publishing

04 Aug 2017

In recent years, an increasing number of clients and third parties have filed claims against banks such as for mis-selling financial products, poor financial advice, insufficient disclosure of and warning about financial risks. The scope of a bank's duty of care seems to expand, not only to include protection of consumers against unclear risks of complicated products but also protection of professional parties against more obvious risks of relatively straightforward products.

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