_
_
_
_

Court orders Bankinter to repay client's Iceland losses

The court in Murcia considered that the bank failed to inform its client of the risks involved in investing in Iceland

The provincial court of Murcia confirmed a ruling by a lower court condemning Bankinter to pay one of its clients 58,000 eurofor failing to inform her of the risk involved in investing in Bank of Iceland shares. A Cartagena court had ordered the bank to return the equivalent of what the plaintiff had invested. Bankinter appealed the decision, but the provincial court ruled that the bank had failed in its duty to disclose all the information stipulated by law.

The obligation to inform "must especially cover the specific risks of said investment" and the bank cannot merely "make a brief description of the product in which the returns are highlighted while the risks are underplayed," said the ruling.

The judge said that the contract between the bank and the client "did not expressly indicate the possibility that the client could partially or wholly lose the invested capital, and limited itself to making references to emission ratings that, due to their technical nature, can only be properly interpreted by professional investors or other people with a developed financial culture."

Tu suscripción se está usando en otro dispositivo

¿Quieres añadir otro usuario a tu suscripción?

Si continúas leyendo en este dispositivo, no se podrá leer en el otro.

¿Por qué estás viendo esto?

Flecha

Tu suscripción se está usando en otro dispositivo y solo puedes acceder a EL PAÍS desde un dispositivo a la vez.

Si quieres compartir tu cuenta, cambia tu suscripción a la modalidad Premium, así podrás añadir otro usuario. Cada uno accederá con su propia cuenta de email, lo que os permitirá personalizar vuestra experiencia en EL PAÍS.

En el caso de no saber quién está usando tu cuenta, te recomendamos cambiar tu contraseña aquí.

Si decides continuar compartiendo tu cuenta, este mensaje se mostrará en tu dispositivo y en el de la otra persona que está usando tu cuenta de forma indefinida, afectando a tu experiencia de lectura. Puedes consultar aquí los términos y condiciones de la suscripción digital.

Recomendaciones EL PAÍS
Recomendaciones EL PAÍS
_
_