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RBS monster fine could be over $10 billion

RBS monster fine could be over $10 billion

Royal Bank Of Scotland (RBS) is facing a fine from the American Justice Department (DOJ)which could cost it more than $10 billion.

The bank is one of the last to settle with the US authorities over its role in the mis-selling scandal which was at the very heart of the 2008 financial crisis.Read More


FCA pays over £400,000 for proposed PPI deadline ad brief

proposed deadline campaogn starts

The Financial Conduct Authority (FCA)has signalled its commitment to a future PPI claims deadline by paying one of Britain’s top advertising agencies more than £400,000 for ‘campaign strategy and creative development work undertaken.’

The payment is the first step in advertising the proposed PPI deadline which the regulator is expected to schedule for June 2019.Read More


BlackRock now biggest Lloyds shareholder

BlackRock now biggest Lloyds shareholder

BlackRock – the world’s largest asset manager – is now the biggest shareholder in Lloyds Bank.

The government has sold a further 1% of its remaining shareholding in Lloyds, taking its remaining stake to just 5.95%.Read More


Barclays sued in US over ‘craptacular’ loans

barclays-sued

Barclays is being sued by the US Department Of Justice (DOJ) over the mis-selling of $31 billion worth of mortgage backed securities after the regulator rejected a $2 billion offer of settlement in the case.

It is understood that the DOJ was looking for a settlement broadly similar to the $7.2 billion offered by Deutsche Bank who were charged with a similar offence, but Barclays have set $2 billion as the upper limit of hat they are prepared to pay.Read More


Could PPI cost £100 billion?

Could PPI cost £100 billion?

A top financial journalist has claimed that the final bill for the mis-selling of PPI could be as much as £100 billion.

BBC personal finance reporter, Kevin Peachey, says: “Estimates suggest the total bill, were all sales paid back, could be £100bn. An estimated nine million people in the UK could still make a complaint.”Read More


We believe in giving back to our community

paralympics fun day

Highlight of the year – nine schools taking part in the Warrington to Rio Paralympics style event at Warrington’s Victoria Park

Gladstone Brookes is a firm which strongly believes in giving back to the community in which we all work and helping those who are less fortunate than ourselves.

As well as contributing thousands of pounds to local charities by donating their monthly dress down money, the firm also sponsors the Warrington Wolves Charitable Foundation and Adrian Derbyshire’s Inspire-Believe-Succeed campaign with more than £56,000 between them.Read More


Toy Appeal caps a year of giving for GB

Our eight volunteers pictured with appeal organiser Paul Whittaker (centre back row) after their £1,100 trolley dash around Toys ‘R’ Us

Our eight volunteers pictured with appeal organiser Paul Whittaker (centre back row)
after their £1,100 trolley dash around Toys ‘R’ Us

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Crowdfunding – the next big investment scandal?

Crowdfunding – the next big investment scandal?

Britain’s financial regulator is to start an investigation into crowdfunding as analysts fear investors’ cash could be at risk.

The probe is the second time in two years that the market sector has come under the microscope.Read More


Lloyds will buy MBNA for £1.9 billion

Lloyds will buy MBNA for £1.9 billion

Lloyds Banking Group (LBG) is set to buy the Bank Of America MBNA credit card business for a reputed £1.9 billion.

The deal is expected to be completed in the first six months of 2017, subject to competition approval as the move will increase Lloyds share of the UK credit card market to 26%, just one percentage point behind market leader Barclays.Read More


Lloyds privatisation about to be completed?

Lloyds privatisation about to be completed?

City insiders believe the government may be on the point of finalising the re-privatisation of Lloyds by selling off the last 7% of shares early in the new year.

Financial Times banking editor, Martin Arnold, says the Treasury are considering a placement with institutional investors to complete the government’s exit from the £20.3 billion bail out deal forced by the 2008 financial crisis.Read More



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