Britain's leading banks are facing new allegations of mis-selling complex financial products to hundreds of small businesses despite them having little knowledge of what they were buying, a Sunday Telegraph investigation has revealed.

The businesses claim the banks profited at their expense from pushing them to take out highly complex interest rate derivatives.

All of the UK's major banks, including Barclays and HSBC, as well as taxpayer-backed lenders Lloyds Banking Group and Royal Bank of Scotland, are facing legal action which could lead to billions of pounds of damages for small and medium-sized businesses.

British banks hit by new mis-selling scandal - Telegraph

London became the capital of financial frauds and financial scandals.

mrphr 

London became the capital of financial frauds and financial scandals. OWS - Max Keiser: "[London] is the world's capital of fraud." -- 12/9/11 - YouTube Max Keiser - Global currency war escalates over Euro - YouTube

I think MF Global was able to get around alarms through London as well..

GridKing 

I think MF Global was able to get around alarms through London as well..

Yes, MF Global scandal went through London, Max Keiser talked about that very often on his show on RT.