Banker Swaps a Hedge Too Far as Fish Fryers, Dentists Seek Exit
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David MacGregor, owner of the Winking Willy’s fish and chip shop in the British seaside resort of Scarborough, never wanted to make a complex bet on interest rates when he took out a loan with HSBC Holdings Plc.
“I fry fish and chips,” he said in a phone interview. “I don’t know anything about international derivatives.”