Category Archives: Banks
Latest HSBC PPI payout takes their bill to over £787 million
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 [...]
Make your claim before the money runs out
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 [...]
BBA denies banks are deliberately turning down legitimate claims
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 [...]
FCA figures show Lloyds ‘most complained about bank’
Figures released by the new regulator the Financial Conduct Authority (FCA) show Lloyds Banking Group – comprising Lloyds TSB and Halifax Bank Of Scotland – received more complaints than any of its rivals in the second half of 2012. The FCA, which took over from the Financial Services Authority as the City watchdog in April, [...]
PPI compensation hits Tesco’s profits
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.
Latest Posts
- 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
- View All Blog Posts
