Category Archives: FSA
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 [...]
‘Surprise’ no bank bosses charged over financial crisis
Britain’s top banking regulator has said it is ‘a source of surprise’ that none of Britain’s bank bosses have faced any charges over their role in the continuing financial crisis. Addressing a conference debating how to re-build trust in Britain’s scandal hit banks, Andrew Bailey, head of the new Prudential Regulation Authority, questioned why none [...]
Three HBOS top bankers face life ban
A massively critical report by the UK’s Banking Standards Commission has asked financial regulators to consider whether three former HBOS executives should be barred from future roles in the financial sector. The three – former chairman Lord Dennis Stevenson and two former chief executives Sir James Crosby and Andy Hornby – were named by the [...]
City regulator is to launch a review into the PPI scandal
A top level review of the ‘lessons learned’ from the PPI mis-selling scandal is to be launched by the Financial Services Authority (FSA) after discussions with the MP heading the Parliamentary Commission into Banking Standards. FSA managing director Martin Wheatley and Treasury Select Committee (TSC) chairman Andrew Tyrie MP discussed the issues and the TSC [...]
FSA says rate of PPI payouts slowing
City watchdog the Financial Services Authority (FSA) has claimed the level of compensation payouts to consumers who have been mis-sold PPI has dropped to its lowest level in more than a year. Figures show that the total payout in December 2012 was £360 million – the lowest since October 2011. The payout peak is shown [...]
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- 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
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