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Professional Negligence in Banking

St John’s Chambers Banking team provide advisory and advocacy services to both businesses and individuals who have suffered a loss due to negligence of a banking or financial professional.

We have acted for and against banks, stock brokers, fund managers, accountants, auditors, independent financial advisors, mortgage brokers, insurance brokers and intermediaries, companies and private individuals and generally act in professional negligence claims relating to any financial professionals.

Our team, which includes former investment bankers, accountants and management consultants who have re-trained to become barristers, is highly experienced and understands the technical financial details of the products and services involved in these cases.

Our barristers act in relation to complex mis-selling claims and claims relating to a range of negligent advice given by banks, stock brokers, fund managers, accountants and IFAs to both their corporate and individual clients. We also act in relation to negligent audits and financial statements provided by accountants.

Our team is familiar with the financial services regulations, the FSA Handbook and the FOS procedure and regularly advises clients on these rules and regulations.

St John’s is well regarded for its expertise in financial services disputes and our barristers have been instructed in high value cases involving negligent advice and mis-selling of various derivative instruments including options. Members of St John’s are also regularly instructed to represent lenders, typically in claims against solicitors and surveyors, but also against property developers. A particularly interesting case recently undertaken by one of our barristers involved the duties owed by a bank to the mortgagor when selling assets secured under a mortgage.

We advise a broad range of clients including:

  • Banks and Bankers
  • Stock Brokers
  • Fund Managers
  • IFAs/Financial advisers
  • Accountants
  • Insurance brokers (who provide professional negligence cover)
  • Companies
  • Private individuals