City insiders are claiming Britain’s high street banks may be about to add a further £2 billion to their PPI provision when they announce their third quarter results within the next fortnight.
The PPI ‘pot’ currently stands at £34.91 billion of which £25 billion has already been paid to successful claimants.Read More
Amy Clarke (left) hands over the cheque to Alzheimer’s Cheshire Community Fundraiser Ashley Dodd
Our Charity Of The Month for September was The Alzheimer’s Society, nominated by Amy Clarke.
Alzheimer’s Disease is the most common cause of dementia in the UK. It causes physical changes to the chemistry and structure of the brain to bring on dementia as the brain cells are slowly killed off.Read More
Michael Chevalier saw the Gladstone Brookes advert on television it made him think about the number of credit cards he had held in the past and whether he might be owed any money on them for mis-sold PPI.
“I thought it was a possibility, but I had no details about any of them when I rang Gladstone Brookes to see if they could help. They listened to what I had to say and the set about tracing my records,” he said.Read More
LynnPinkney knew she had taken out a number of loans with Barclays Bank over the years, but couldn’t be sure whether or not PPI had been attached to any of them.
“They were all so long ago I didn’t have any of the documents or anything, but when I saw the Gladstone Brookes advert on TV I decided I would check,” she said.
Lynn gave the advisor what few details she had and the ensuing investigation revealed that not only was PPI attached to her Barclaycard, but it was also attached to nine Barclays loans she had taken out over a number of years.
The firm admitted PPI had been mis-sold on all 10 agreements and paid Lynn a total of £9,199.80 in compensation.
She said: “The service I’ve had has been unbelievable. It’s been second to none. I’ve never known anything like it.
“I don’t recall ever having been told about PPI being added to any of these agreements at the time. I was just given paperwork to sign and did so. I’m amazed the Gladstone Brookes has been able to recover all this money for me,” she added.
Alan Davies wasn’t sure whether or not he had been mis-sold PPI on a loan he had taken out with HSBC, but when he saw the Gladstone Brookes TV advert he decided to check it out anyway.
“I didn’t think I’d get anything out of it, but it was no win no fee so it wasn’t going to cost me anything to find out if there was nothing in it,” he said.Read More
The government has dropped plans to sell £2 billion worth of Lloyds Bank shares to the public.
The sale was the idea of former Chancellor Of The Exchequer George Osborne, but has now been scrapped by new Chancellor Philip Hammond.Read More
America’s Department Of Justice (DOJ) is hoping to get a multi-billion £ settlement from Barclays for the mortgage backed securities scandal before Barack Obama leaves office in four months’ time.
Sources close to the case say the DOJ wants a single deal with Barclays, Deutsche Bank and Credit Suisse in settlement of the long running investigation into the massive mis-selling of mortgage backed securities which is credited with precipitating the world-wide financial crash of 2008.Read More