A Welsh MP is calling on the government to investigate thousands of complaints about cavity wall insulation in a scandal that ‘could be as big as PPI’.
Blog Category: Money Advice
Six months after the PPI claims deadline on August 27th last year more than half of claimants have still had no decision on their complaint.
Pre-tax losses for the Co-operative Bank widened to £152.1 million from £140.7 million after the bank took a hit of £62.5 million for mis-sold PPI over the last year.
Just a week after announcing a 26% drop in profits, Lloyds Banking Group (LBG) has announced it is shedding the equivalent of 780 full time jobs across its branch network.
The additional provision of £2.45 billion for PPI complaints in 2018 ‘significantly impacted’ the profits of Lloyds Banking Group (LBG) according to chairman Lord Blackwell.
Announcing a drop in profits of 33%, HSBC is to axe 35,000 jobs globally and is still processing tens of thousands of PPI claims.
Royal Bank Of Scotland Group (RBS) is to change its name to NatWest later this year.
The total compensation paid for PPI mis-selling has broken the £37 billion barrier.
Britain’s high street banks are being asked to explain how they calculated their new 40% overdraft rates by the country’s financial watchdog.
Virgin Money has declared a £139 million loss on the year after being hit with a deluge of PPI claims.