Have you ever thought what the figure £34.6 billion really means, other than it being the amount of money UK lenders have already paid out in PPI compensation
Blog Category: Banks
A government agency has linked ‘modern slavery’ gangs to a wave of doorstep scams sweeping the country.
Virgin Money is expecting to take a £450 million hit for last minute PPI claims following its £1.7 billion takeover by the former Clydesdale Yorkshire Banking Group (CYBG) last year.
Thousands of TSB customers were left without access to their wages when the bank’s computer system crashed again.
With borrowers worried about what might happen once the dust settles on the great Brexit debate, there has been a massive rise in the number of 10 year fixed mortgages available.
The IT meltdown which locked 1.9 million TSB customers out of their accounts last year could have been prevented if the system was properly tested.
Up to 200,000 British investors could be in for a share of £3 billion from a number of Swiss banks but will lose their chance if they don’t make a claim before the end of the year.
A £60 million PPI hit has dragged the Co-operative Bank deeper into the red with a £118.6 million loss for the three months to September this year.
There are increasing calls for the UK’s financial regulator to ban peer to peer (P2P) non-advised sales as another firm goes bust.
Auditors of Shop Direct have warned that the firm could collapse unless it gets a cash injection of £150 million to cover its PPI compensation.