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Barclays PPI pot hits £1.1 billion for a single year

Barclays PPI pot hits £1.1 billion for a single year

Barclays Bank has announced it has added another £200 million to the pot set aside to pay future successful PPI claims – making the total set aside for 2014 £1.1 billion.

The bank has also set aside a further £750 million to cover possible fines from a probe into currency market manipulation by Barclays and others, bringing the total provision to £1.25 billion.Read More


Lloyds set aside another £700 million for PPI

Lloyds set aside another £700 million for PPI

Lloyds Banking Group (LBG) has set aside another £700 million for future successful PPI claims bringing their total provision for 2014 alone to £2.2 billion.

The group is by far and away the leader in the compensation stakes at £12 billion, around half of the £24 billion earmarked by the banking industry so far.  They have also been fined £217 million for their part in the LIBOR rate-rigging scandal.Read More


RBS sets aside another £400 million for mis-sold PPI

RBS sets aside another £400 million for mis-sold PPI

Royal Bank Of Scotland (RBS) has set aside another £400 million to pay out future successful PPI claims – just part of the £3.5 billion loss announced in their annual figures.

The PPI provision is included in the £2.2 billion the bank has set aside for ‘litigation and conduct costs’.  It also includes £320 million related to the bank’s involvement in the rigging of foreign exchange markets.Read More


Lloyds unfairly rejecting 82% of PPI claims – FOS

Lloyds unfairly rejecting 82% of PPI claims – FOSLloyds Bank have unfairly rejected 82% of PPI claims referred to the Financial Ombudsman Service (FOS), according to new figures.

Lloyds has once again topped the list as the most complained about bank with 20,000 cases referred to FOS in the second half of 2014 with over four fifths of them being upheld in favour of the consumer.Read More


HSBC set aside another £1.5 billion for PPI and fines

HSBC set aside another £1.5 billion for PPI and fines

HSBC has revealed they have set aside another £1.5 billion to pay for future successful PPI claims and a number of expected fines by regulators.

They are the first of the big high street banks to announce their annual figures and reported an overall drop in profits of £12.2 billion in ‘a challenging year.’Read More


Reckless bankers face losing salary as well as bonus

Reckless bankers face losing salary as well as bonus

The City watchdog is considering whether or not reckless bankers should be forced to pay back their basic salary as well as their bonuses in the on-going fight against misconduct in the UK financial market.

Financial Conduct Authority (FCA) chief executive, Martin Wheatley, had told MPs that the recent EU bonus cap on bankers’ salaries has simply led to rises in basic salaries.Read More


MP opposes Lloyds boss mega bonus

MP opposes Lloyds boss mega bonus

Influential MP John Mann has attacked plans to pay Lloyds Banking Group (LBG) chief executive Antonio Horta-Orsorio a £7 million mega bonus.

The bonus award is being made against a background of other major activity for LBG – an application to the Prudential Regulation Authority (PRA) to be allowed to pay shareholders a dividend for the first time since the crash of 2008 and the expected announcement that the bank will have to make another multi-million pound provision for mis-sold PPI.Read More


FCA says big banks are giving savers a raw deal

Are YOU sorting your interest only mortgage?

The UK regulator has accused Britain’s biggest banks of giving millions of their customers a raw deal.

In many cases the interest rate on their accounts has been 0.5% or lower – the same as the Bank Of England base rate.Read More


GB donate Wolves family season ticket

GB donate Wolves family season ticket

Megan delivering inclusive sports activities as part of the Foundation’s Older People project

Gladstone Brookes and Warrington Wolves Charitable Foundation have extended their partnership with a new scheme to enable deserving children and their families to support their home town rugby team.

The company has bought a family season ticket for the Wolves games at the Halliwell Jones Stadium and then donated it to the Foundation.  They will now select families to benefit from the ticket for at least 14 homes games this season.Read More


More money for PPI claims from banks?

More money for PPI claims from banks

Financial analysts are predicting that Britain’s high street banks are going to set aside up to another £1.2 billion to pay future successful PPI claims.

The banks are due to release their annual figures within the next month and the analysts are already speculating that they will set aside another huge sum on top of the £1.5 billion they announced just three months ago.Read More


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