The banking sector is facing a rising tide of big ticket legal claims, according to a new study.
Research from Thomson Reuters shows the number of High Court cases involving FTSE 100-listed companies in 2015/16 hit a five-year high of 279 – up 6 per cent on the previous year and more than double the 114 cases of five years ago.
Cases involving FTSE 100 banks, specifically, jumped 14 per cent to 179 court cases last year, from 132 the year before. This is more than double the number of court cases involving the same banks two years ago – with just 69 cases in 2013/14.
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