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Blog Category: Banks


PPI News – Can you imagine over £34 billion?

Can you imagine over £34 billion?

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

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‘Modern slavery’ used for doorstep scams

‘Modern slavery’ used for doorstep scams

A government agency has linked ‘modern slavery’ gangs to a wave of doorstep scams sweeping the country.

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PPI News – Virgin Money to take £450 hit for PPI

Virgin Money to take £450 hit for PPI

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.

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Thousands affected by new TSB IT crash

Thousands affected by new TSB IT crash

Thousands of TSB customers were left without access to their wages when the bank’s computer system crashed again.

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Brexit worries see rise in 10 year fixed mortgages

Brexit worries see rise in 10 year fixed mortgages

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.

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Testing failures caused TSB IT meltdown

Testing failures caused TSB IT meltdown

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.

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200,000 Brits in for a £3 billion Swiss bank share-out?

200,000 Brits in for a £3 billion Swiss bank share-out?

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.

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PPI News – Co-op Bank takes £69 million PPI hit

Co-op Bank takes £69 million PPI hit

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.

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Calls for ban on P2P non-advised sales increased

Calls for ban on P2P non-advised sales increased

There are increasing calls for the UK’s financial regulator to ban peer to peer (P2P) non-advised sales as another firm goes bust.

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PPI News – Shop Direct needs £150m cash injection for PPI

Shop Direct needs £150m cash injection for PPI

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.

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