Senior bankers guilty of reckless misconduct should be jailed, says a new report from the Parliamentary Commission on Banking Standards.
The Commission, set up in the wake of a number of scandals to rock the banking industry, grilled top executives from all the High Street banks about the way in which their organisations mis-sold payment protection insurance to millions of consumers.
The Times newspaper is calling for the Financial Conduct Authority (FCA) to name and shame financial firms who have mis-handled PPI mis-selling complaints and to back it up with fines for those responsible.
It was a Times undercover reporter who was responsible for the exposé of the mis-handling of complaints by Lloyds Banking Group (LBG) at a London call centre, revealing staff were told to turn a blind eye to possible fraudulent altering of clients’ documents by the bank’s PPI sales staff and that if a case was rejected in the first instance it was likely that the customer would drop the complaint and the bank wouldn’t have to pay any compensation.
Last month Gladstone Brookes chose to support a local cancer charity in the memory of a young star who was close to one of our members of staff.
Just before Christmas musician Corbyn Johnson lost his fight against an aggressive cancer. He was just 18.
A cheque for £1080 was presented to members of Corbyn’s family at a special fund-raising event at which Olivia Archbold, sister of Omega manager Kelly Archbold, sang a song she had written for Corbyn who she had performed with many times.
The Gladstone Brookes donation will be going to The Young Oncology Unit at Manchester’s Christie Hospital who have been pioneering cancer research breakthroughs for over 100 yea
They treat more than 40,000 patients each year and were the first UK hospital to be officially accredited as a comprehensive cancer centre. Based in Manchester, with radiotherapy centres in Oldham and Salford, they are a national specialist hospital, treating 25% of patients from around the country.rs and are the largest cancer centre in Europe.
The Johnson family were so pleased with the contribution that they wrote a letter of thanks to the staff:
“A few weeks ago you were asked to support Corbyn’s Fund for the Young Oncology Unit at The Christie in Manchester. Corbyn was our beautiful eldest son. He was 18 and on a day in September 2012 we were told by a consultant that Corbyn had cancer.
“In three seconds our lives changed forever. Corbyn was a strong, fit, good looking boy who had bags of charisma, cared for others deeply and was an incredible guitarist. He’d just finished his ‘A’ levels and, despite not being well throughout 2012, he continued working two jobs, studying for his exams and playing his guitar constantly at home, in bars, at recording studios, wherever he could…he was never apart from his guitar for long..! We stayed with Corbs day and night for thirteen weeks and held his hand when he took his last breath…
“Kelly’s sister, Olivia, knew and sang many times with Corbs while he played in his usual passionate way, always with a smile on his face. She wrote a beautiful song for Corbs. She is a fantastic singer!!
“You donated so much money and it was quite overwhelming when Kelly presented the cheque at our fundraiser.
“Many of you will not be much older than Corbyn or have young children of your own. You should be proud of your donations, which will make a difference to teenagers and their families who are thrown into an unknown world, in the time it takes to order a drink.
“Thank you to each and everyone of you, for your Directors, managers and through all the teams…sparing a few moments to think of others and contribute is a great thing to do in our lives which often are so busy. You can’t imagine how hard life is for us, which is a good thing for each of you……..
Attempts to impose a deadline for making a claim for PPI mis-selling have collapsed after the UK’s high street banks failed to reach an agreement with consumer groups.
The banks have been pushing for a deadline to try to bring a halt to the biggest financial scandal the Britain has ever seen. They have already set aside over £16 billion to pay out successful claims, but fears that the final bill could be even higher prompted them to try to get the Financial Conduct Authority to set a time limit for new claims to be made.
A PPI mis-selling victim who made his own claim was originally offered more than £22,000 compensation by Barclaycard had the payout slashed to just £3,531 and the bank refused to explain why they had done it.
The 48-year-old Scottish businessman had paid premiums on his credit card for more than 20 years between 1989 and 2011 and the first offer he received was for £22,319, but he was left fuming when Barclaycard revised the offer down by 84% and then said it would breach commercial confidentiality to tell him how they arrived at the new figure.
gladstonebrooke: Shane gets on his bike - 197 mi... http://t.co/Ha2ccGG6VV Tue, 21 May 2013 11:44:19 +0000
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