mortgage rate swaps


Mortgage rate swaps have become Bankinter’s nightmare

By Capital Madrid | After thousands of Spaniards marched last week throughout the country under the banner of alleged bank abuses, the hunt continues with legal action against one of the products entities often used during the bubble years: the interest rate swaps, also called ‘clips’. Bankinter recently gained one more adverse sentence, which brought its naughty account to 162. The local court number 8 in Madrid declared the nullity of…