Money Advice Archives | Page 2 of 6 | Gladstone Brookes

Blog Category: Money Advice


Cavity wall scandal ‘could be as big as PPI’

Cavity wall scandal could be as big as PPI

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’.

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PPI News – No PPI decision yet for hundreds of thousands

No PPI decision yet for hundreds of thousands

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.

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PPI News – Co-op Bank takes £62.5 million hit for PPI

PPI News - Co-op Bank takes £62.5 million hit for PPI

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.

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Lloyds, Virgin Money and Direct Line cuts hundreds of jobs

Lloyds, Virgin Money and Direct Line to cut hundreds of jobs

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.

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PPI News – Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

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.

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PPI News – HSBC profits plunge with mass job cuts and PPI surges

HSBC profits plunge, mass job cuts and PPI surges

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.

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RBS to change its name to Natwest

Royal Bank Of Scotland Group (RBS) is to change its name to NatWest later this year.

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PPI compensation breaks £37 billion barrier

PPI compensation breaks £37 billion barrier

The total compensation paid for PPI mis-selling has broken the £37 billion barrier.

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FCA asks banks to explain 40% overdraft rates

FCA asks banks to explain 40% overdraft rates

Britain’s high street banks are being asked to explain how they calculated their new 40% overdraft rates by the country’s financial watchdog.

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Virgin Money £139 million in the red through PPI

Virgin Money £139 million in the red through PPI

Virgin Money has declared a £139 million loss on the year after being hit with a deluge of PPI claims.

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