Category Archives: Banks
HSBC, the last of the high street banks to publish their quarterly figures, paid £72.7 million in redress for mis-sold PPI in the first three months of the year, taking their total bill to over £787 million. But it remains a fraction of the amounts paid out by the Lloyds Banking Group and Barclays who [...]
Lloyds Banking Group (LBG) have announced a big jump in pre-tax profits for the first three months of this year, but made no additional provision for compensation payments to people who have been mis-sold PPI. The group – 39% owned by the taxpayer – says pre-tax profits are up to £2.04 billion as compared to [...]
The British Bankers’ Association have denied media reports that banks are deliberately turning down legitimate PPI claims in the hope that they would avoid having to pay up. In a Daily Telegraph report, a spokesman from the Financial Ombudsman Service (FOS) says: “If claims were resolved in the first instance it would be better for [...]
Mis-sold PPI compensation has helped Tesco to post its worst trading figures for 20 years. In its latest annual report Tesco revealed its profits have been cut by half – the first fall in two decades – and that it had ear-marked a further £85 million to pay its customers back for mis-sold PPI policies.
- Yorkshire and Clydesdale set aside £51 million for PPI claims
- Latest HSBC PPI payout takes their bill to over £787 million
- Millions not claiming back PPI because they’re not sure how or don’t have time
- Is PPI compensation boosting new car sales?
- 90 children enjoy latest Wolves event
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