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Small Businesses Raise Voice Against Clydesdale Bank for Misrepresentation over Fixed-Rate Loans

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LONDON – A group of small businesses has been suing Clydesdale bank as well as its former owner National Australia Bank for alleged misrepresentation over small business loans. The lawsuit filed by small businesses highlighted that banks raised the interest rate on fixed-rate loans by hidden margins. While representing the group, RGL Management allegedly stated that banks have been facing deceit, misrepresentation, and breach of contract by banks.

A total of 140 small businesses comprising 2,000 small companies issued the first claim against the banks. However, the legal claim doesn’t carry any value. On behalf of small businesses, RGL Management has brought complex lawsuits against banks. Augusta Ventures, a litigation funder has been supporting the lawsuit against Clydesdale bank. Many litigation funders have been fighting for bank disputes on the condition of some part of compensation if they manage to win at trial.

Bad credit small business loans have been on the rise as there are plenty of options available to get loans for small businesses. Also, the affordable interest rates make it possible to get a loan on easy terms. Apart from banks, many online sources are offering small business loans even to the entities with bad credit.

Garbhan Shanks of Michelmores LLP, the law firm which represents RGL, has said that it is hopeful to get a substantial amount of compensation for their first multi-party claim against banks. However, CYBG, the owner of Clydesdale and Yorkshire bank said that it will respond to any claim against its banks on a strong term after analyzing it thoroughly.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

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Custom Coffee Mugs are Becoming the Best Gift Option for People

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People have been choosing custom coffee mugs for giving gifts to their loved ones in order to express their gratitude and appreciation. It has been found in a global survey that custom coffee mugs have been becoming a popular choice for people to gift their favorite people on different occasions. Due to this, a lot of businesses offering custom coffee mug services have come into existence.

The popular reasons for the growing demand for custom coffee mugs are a high level of affordability, availability of variety, customization options, and ease to choose as a gift option. Coffee mugs are available in a wide number of varieties, shapes, sizes, and are made of different compositions. This has been a tempting factor for people to choose coffee mugs as a suitable option for offering as a gift to their loved ones.

A cute coffee mug can be customized as per the interests of recipients and one can use a name, picture as well as dedication quote for the customization of coffee mugs. And coffee mugs can be utilized for more than one purpose and one can use these items for different purposes depending on one’s interests. Another reason which makes coffee mugs a favorite choice for people is that it is easier to choose it as a gift as it doesn’t require any analysis of the interests as well as preferences of recipients. Since coffee mugs are affordable to give as a gift, people consider it as the easiest option to offer as a gift to their loved ones in order to appreciate or greet them on special occasions.

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