News Archives | Page 7 of 119 | Gladstone Brookes

Blog Category: News


All the latest news from the finance world, both UK and abroad. We keep an eye on all emerging stories which affect the general public.

PPI News – RBS group to cancel thousands of PPI policies

RBS group to cancel thousands of PPI policies

Royal Bank Of Scotland (RBS), NatWest and Ulster Bank have announced they are going to cancel thousands of customers’ PPI policies at the end of the year.

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PPI News – Tesco Bank sets aside £45 million for PPI

Tesco Bank sets aside £45 million for PPI

Tesco Bank has become the latest lender to boost its PPI provision after the claims deadline passed.

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PPI NEWS UPDATE – SEPTEMBER 2019

PPI NEWS UPDATE – SEPTEMBER 2019

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PPI News – Studio Retail adds £10 million for PPI

Studio Retail adds £10 million for PPI

Studio Retail has become the latest organisation to boost its PPI provision after a surge of claims leading up to the PPI deadline in August.

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PPI News – Barclays confirm another £1.4 billion for PPI

Barclays confirm another £1.4 billion for PPI

The day after Royal Bank of Scotland (RBS) announced it was adding £900 million to its PPI compensation pot, Barclays confirmed it has added £1.4 billion to its own redress fund.

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PPI News – HSBC adds £302 million for PPI

HSBC adds £302 million for PPI

HSBC has become the third of the big four UK banks to add millions of pounds to its PPI compensation pot AFTER the claims deadline in August.

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PPI News – Shop Direct’s surprise £241 million PPI provision

Shop Direct’s surprise £241 million PPI provision

Online retailer Shop Direct has shocked its investors with a higher than normal penalty for PPI mis-selling, leading to a huge widening of losses.

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CYBG announces 330 job losses

CYBG announces 330 job losses

Clydesdale Yorkshire Bank (CYBG) has announced 330 redundancies as a direct result of its £1.7 billion merger with Virgin Money last year.

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PPI payouts jump by almost £100 million in a month

PPI payouts jump by almost £100 million in a month

Official figures show that the amount of compensation paid to successful PPI claimants has jumped by almost £100 million in a single month.

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PPI total cost revised upwards to £53 billion

PPI total cost revised upwards to £53 billion

The total cost of the PPI mis-selling scandal has been revised upward to £53 billion after another bank said it would need to add millions more to its PPI pot to pay out future successful claims.

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