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RBS to change its name to Natwest

Royal Bank of Scotland (RBS) to change its name to Natwest

Royal Bank Of Scotland Group (RBS) is to change its name to NatWest later this year.

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PPI News – Barclays only half way through PPI backlog

Barclays only half way through PPI backlog

Barclays is still only half way through processing the massive spike of PPI complaints received in the run-up to the claim’s deadline in August last year.

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PPI News – FOS handling 3,500 new PPI complaints a week

FOS handling 3,500 new PPIO complaints a week

The Financial Ombudsman Service (FOS)has been receiving an average 3,500 new PPI complaints a week in the wake of the claims deadline of August last year.

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PPI compensation breaks £37 billion barrier

PPI compensation breaks £37 billion barrier

The total compensation paid for PPI mis-selling has broken the £37 billion barrier.

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PPI News – GB Top 20 PPI Payouts for January 2020

GB Top 20 payouts for January 2020

Gladstone Brookes started the year strongly with the top 20 PPI compensation payouts totalling more than £617,000.

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FCA asks banks to explain 40% overdraft rates

FCA asks banks to explain 40% overdraft rates

Britain’s high street banks are being asked to explain how they calculated their new 40% overdraft rates by the country’s financial watchdog.

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Virgin Money £139 million in the red through PPI

Virgin Money £139 million in the red through PPI

Virgin Money has declared a £139 million loss on the year after being hit with a deluge of PPI claims.

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Lloyds join the 40% overdraft club

Lloyds join the 40% overdraft club

The Lloyds Banking Group (LBG) has joined the 40% overdraft club, but some customers could be charged as much as 49.9% when their account goes into the red.

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PPI News – A £350 million PPI cash rebate from the taxman?

A £350 million PPI cash rebate from the taxman?

Successful PPI claimants could be owed a £350 million rebate from the taxman because they may have paid income tax twice on their compensation.

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TSB to open dedicated IT centre for digital banking

TSB to open dedicated IT centre for digital banking

Challenger bank TSB is to open a dedicated IT centre as part of its drive towards digital banking.

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