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RBS fails all six stress tests

RBS fails all six stress tests

Royal Bank Of Scotland (RBS) has failed all six of this year’s Bank Of England stress tests and has had to draw up a new £2 billion capital plan for its future.

The bank was the only one of seven tested to fail all six. Both Barclays and Standard Chartered failed one measure, but the Prudential Regulation Authority (PRA) has not required either of them to come up with a new plan because they have already already taken steps to strengthen their capital position.Read More


Bradford & Bingley battle heats up

Bradford & Bingley battle heats up

The battle to buy the £16 billion loan book for the former Bradford & Bingley is heating up with the government receiving inquiries from more than 50 financial service companies.

UK Asset Resolution (UKAR), the quango handling the sale of the nationalised assets, says the firms have all signed up for information memorandums on the buy-to-let portfolio before the Christmas deadline.Read More


Average UK household spent almost £800 on Christmas last year

Cost of Christmas

Figures from the Centre for Retail Research revealed that in 2015, the typical UK household spent just under £800 on Christmas to cover things like gifts, food & drink, travel and decorations. Another study shows that an increasing number of people are dipping into debt when their budget can’t quite stretch far enough, citing pressure from children as the number one reason for over-spending.

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SUCCESS STORY – Six successful cases against Welcome Finance for £10,014.83±

PPI success story

Richard Dredge is so pleased with the service he got from Gladstone Brookes he has already started recommending us to his friends.

“The service was excellent.  If I could give them 200% I would do and I was really surprised with the amount of money they got back for me,” he said.Read More


Lloyds leads race to buy MBNA

Lloyds leads race to buy MBNA

Lloyds Banking Group (LBG) has emerged as the front runner in the £7 billion race to buy Bank Of America’s MBNA credit card business in the UK.

Informed sources claim Lloyds is now the leader in the race, moving ahead of US private equity group Cerberus, after Bank Of America (BOA) backed down over the issue of future PPI claims.Read More


CHARITY OF THE MONTH – Children In Need

CHARITY OF THE MONTH – Children In Need

From left to right: Dominique Russell, Neil Jackson and Paige Bisatt with our £518 contribution to this year’s Children In Need Appeal

This year’s penultimate Gladstone Brookes charity of the month is Children In Need and the £518 we have been able to donate brings this year’s running total to £6,158.

The charity has received regular support from Gladstone Brookes in recent years and, in return, our region has received a lot of help in the form of a wide range of grants to local organisations.Read More


RBS share sale hit by potential US fine

RBS share sale hit by potential US fine

MPs have been told that a potential multi-billion dollar fine by American regulators is preventing the UK government selling off its shares in Royal Bank Of Scotland (RBS).

The House Of Commons Treasury Select Committee was hearing evidence from James Leigh-Pemberton, head of UKFI which is the body which looks after the public’s stake in the taxpayer owned bank.Read More


SUCCESS STORY – Free PPI check leads to £1,515± payout for Brenda

PPI success story

Brenda Watson wasn’t sure whether or not she had PPI attached to any of the three store cards she had held in the past, but when she saw an advert for a free PPI check on Facebook she decided to try to find out.

The inquiry was passed to Gladstone Brookes who pursued the claim after our free PPI check showed the insurance was attached to store cards from Evans, House Of Fraser and Santander.Read More


GRG saga costs troubled RBS £400 million

GRG saga costs troubled RBS £400 million

Troubled Royal Bank Of Scotland (RBS) has agreed a £400 million plan to compensate firms who were allegedly mistreated and forced out of business.

But the plan has been dismissed as a ‘whitewash’ by protestors who dismissed the £400 million on offer as ‘a joke.’Read More


No more taxpayer bailouts for banks

No more taxpayer bailouts for banks

Taxpayers will never again be forced to bail out banks which get themselves in financial trouble.

The international Financial Stability Board (FSB), chaired by Bank Of England governor Mark Carney, has set out proposals to force creditors to bear a bank’s losses.Read More



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