Banks Archives | Gladstone Brookes

Blog Category: Banks


RBS – ‘We need to add more money to pay for PPI’

RBS - 'We need to add more money to pay for PPI'

Royal Bank of Scotland (RBS) is to add between £600 million and £900 million to its PPI pot because it fears it won’t have enough to pay out all of the successful claims against it.

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PPI News – FCA fears another PPI-type scandal

FCA fears another PPI-type scandal

Britain’s financial regulator is worried that a new recession could provoke another PPI-type scandal with the banks feeling pressure on their main sources of income.

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PPI News – GB’s Top 20 payments for August 2019

GB’s Top 20 payments for August 2019

In the run-up to the deadline we continued to recover hundreds of thousands of pounds for our clients with the Top 20 payments totalling a massive £703,360.22.

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PPI – The Beginning of the End?

PPI – The Beginning of the End?

Well, that’s it! The PPI saga is over and done with as the much heralded deadline passes into history.

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Over £1.5 billion fivers and tenners have vanished

Over £1.5 billion fivers and tenners have vanished

Are you sitting on a stash of old fivers and tenners? If so, the Bank Of England would like them back.

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PPI News – What happens when the PPI money runs out?

What happens when the PPI money runs out?

British economists are starting to voice concerns about what will happen when the PPI money runs out.

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PPI News – True cost of PPI may top £50 billion

True cost of PPI may top £50 billion

As tens of thousands of consumers rush to beat the PPI deadline, a new report claims the true cost of the scandal has already hit £48.5 billion and is continuing to grow.

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PPI News – 1 in 5 Brits ‘last minute’ on PPI

1 in 5 Brits ‘last minute’ on PPI

Almost 1 in 5 Brits who admitted to a new survey that they haven’t yet made a claim for possible mis-sold PPI have been urged to ‘Do It Now!’ before it’s too late by the country’s financial regulator.

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PPI compensation payouts top £36 billion

PPI compensation payouts top £36 billion

With just a week to go before the PPI claims deadline, the total payout of compensation has reportedly smashed the £36 billion barrier.

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PPI News – Down to the wire for PPI claims

Down to the wire for PPI claims

The deadline for PPI claims is almost upon us and experts continue to predict potentially thousands of consumers will lose out on millions of pounds in compensation for mis-sold insurance.

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