Jim McGrory, a St Andrews hotelier, is one of an army of small business customers who was sold a 'tailored business loan' by Clydesdale Bank, one of six smaller banks which will be included in the FSA review this month.
When offered a new £562,000 loan in 2007, Mr McGrory unwittingly signed up for a product which, three years later, when he needed to respond to the changed market, would have cost him £81,000 to cancel.
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