Category Archives: Uncategorized
Lloyds blame PPI mis-selling costs for £570 million losses
Lloyds Banking Group (LBG) have blamed the cost of paying thousands of clients for the mis-selling of payment protection insurance for reporting pre-tax losses of £570 million. Britain’s biggest retail bank, which is 41% owned by the taxpayer, announced it has set aside another £1.5 billion for PPI compensation, plus a further £400 million for [...]
FSA Probe Into LBG PPI Mis-selling Dropped
The Parliamentary Commission On Banking Standards which is currently investigating the British banking industry has revealed that the Financial Services Authority (FSA) dropped a two year probe into PPI mis-selling by the Lloyds Banking Group just as the credit crunch erupted. It has emerged that the FSA – as the regulator for financial services in [...]
GB joins the Warrington Christmas Toy Appeal
Big hearted staff at Gladstone Brookes have today joined in this year’s Warrington Christmas Toy Appeal aimed at putting a smile on the faces of underprivileged children this festive season. Collection boxes are being set up at each of the company’s three buildings in Warrington so staff can donate toys and games right up until [...]
Banks set aside another £1bn
When the Payment Protection Insurance scandal blew up in 2011 it was announced that between them the major banks in the UK were to put aside a massive £7.6 billion to cover PPI claims. After months of disputing the issue and a lengthy High Court battle, the banks had finally thrown in the towel and [...]
Latest Posts
- Shane gets on his bike – 197 miles in three days!
- Latchford Primary at Warrington Wolves
- 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
- View All Blog Posts
