Money Advice Archives | Page 3 of 6 | Gladstone Brookes

Blog Category: Money Advice


Lloyds join the 40% overdraft club

Lloyds join the 40% overdraft club

The Lloyds Banking Group (LBG) has joined the 40% overdraft club, but some customers could be charged as much as 49.9% when their account goes into the red.

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PPI News – A £350 million PPI cash rebate from the taxman?

A £350 million PPI cash rebate from the taxman?

Successful PPI claimants could be owed a £350 million rebate from the taxman because they may have paid income tax twice on their compensation.

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TSB to open dedicated IT centre for digital banking

TSB to open dedicated IT centre for digital banking

Challenger bank TSB is to open a dedicated IT centre as part of its drive towards digital banking.

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Santander latest to set 40% overdraft rate

Santander latest to set 40% overdraft rate

Santander has become the latest bank to set a single overdraft rate of 40%.

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FCA warns banks to stop short-changing loyal customers

FCA warns banks to stop short-changing loyal customers

Britain’s financial regulator has warned banks to stop short-changing loyal customers while rewarding new accounts with special ‘teaser rates’.

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Bank of England to set new climate tests for UK banks

B of E to set new climate tests for UK banks

In a world first the Bank Of England is set to order the UK financial system to undergo a new series of tests to establish their readiness to cope with problems brought on by climate change.

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FCA warns own ban on mini-bonds could cause trouble

FCA warns own ban on mini-bonds could cause trouble

Britain’s financial regulator has admitted its own ban on the marketing of mini-bonds to retail investors could harm existing bond holders.

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FCA bans marketing of mini bonds to ordinary savers

Britain’s financial regulator has banned the marketing of mini bonds to ordinary savers from January.

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PPI News – Genworth liable to pay for PPI mis-selling

Genworth liable to pay for PPI mis-selling

A High Court judge has ruled that an American insurer – Genworth Financial – is legally liable for 90% of the £265 million cost of PPI policies mis-sold through Spanish-owned bank Santander.

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Regulator worried about economic downturn in 2020

Regulator worried about economic downturn in 2020

Britain’s financial regulator is growing concerned about the possible effects of a downturn in the economy in 2020.

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