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Lloyds confirms £350 million extra for PPI

Lloyds confirms £350 million extra for PPI

Lloyds Banking Group (LBG) has confirmed it has added another £350 million to its PPI compensation pot when it announced its 2017 first quarter performance figures.

In its review of its financial performance, the bank says the increase was ordered after the Financial Conduct Authority (FCA) pushed back the PPI deadline date to August 29th 2019.Read More


Another £32 million for Santander PPI

Another £32 million for Santander PPI

Santander has become the first of Britain’s high street banks to announce its first quarter financial results and has included an additional £32 million set aside for PPI claims.

The Spanish owned bank reported a 14% increase in profits over the same period last year at €1.87 billion (£1.59 billion).Read More


RBS could be sold at a loss – Hammond

RBS could be sold at a loss – Hammond

Chancellor Philip Hammond has admitted that the government could face a multi-billion pound loss by selling off its 73% stake in the Royal Bank Of Scotland (RBS).

Mr Hammond has told MPs that ‘we have to live in the real world’ in returning the taxpayer-owned bank to private ownership.Read More


Those PPI payouts just keep on rolling

Those PPI payouts just keep on rolling

Six years after official figures began to be kept, mis-sold PPI payouts continue to run at an average of more than £1/4 billion a month.

The latest figures issued by the Financial Conduct Authority (FCA) reveal that the 23 firms who make up 95% of the PPI complaints in the UK have paid out a total of £26.5 billion in compensation to consumers who were mis-sold PPI since January 2011.Read More


Co-op Bank takeover still on

Co-op Bank takeover still on

Takeover talks are continuing for the troubled Co-operative Bank and a number of new bidders have entered the auction process.

The sale was thrown into doubt last week when the Co-operative Group slashed the value of its 20% holding in the Manchester based lender to zero.Read More


CHARITY OF THE MONTH – Cheshire Dog’s Home

CHARITY OF THE MONTH – Cheshire Dog’s Home

Tony Woolrich, Hannah Fraser and Jen Merchant handing over the cheque for £400 to Bruce and his handler Kelly Walker

Our charity of the month for March is the Cheshire Dogs Home, nominated by Jen Marchant, Tony Woolrich and Hannah Fraser.

Receiving the £400 donation, Heather Lockett said: “We are immensely grateful for the generosity of the Gladstone Brookes staff.  As you can imagine, dealing with over 7,000 dogs a year we always have need of money and with generous gifts like this we would struggle to carry on.Read More



Government share in Lloyds drops below 2%

Government share in Lloyds drops below 2%

The government’s stake in Lloyds Banking Group (LBG) has now dropped to below 2% from a figure of 6% in January.

The Treasury has continued its policy of selling down the shares to institutional investors and it is understood this batch of shares was sold to several buyers under the government’s trading plan.Read More


At last – cashing cheques 21st century style!

At last – cashing cheques 21st century style!

At long last cashing cheques is going to enter the 21st century – but not until October.

The annoying six day wait for a cheque to clear once you’ve paid it into your bank will be a thing of the past.Read More


CHARITY OF THE MONTH – British Red Cross

charity of the month

Fundraiser Kerry Threadgill (second right) receives our donation along with charity shop staff (left to right) Tracy Richmond, Val Wilson and Debbie Snape

Our charity of the month for February is the British Red Cross – one of the world’s most iconic charities with workers to be found anywhere there is need or a disaster.

But they do a lot close to home as well, offering a wide range of services, including support in emergencies and for people in their own homes, event first aid and ambulance support, mobility aids and first aid courses.Read More



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