Banking Archives | Gladstone Brookes

Blog Category: Banking


Gladstone Brooke’s Top 20 PPI Payouts for March 2020

Gladstone Brooke's Top 20 PPI Payouts for March 2020

Gladstone Brookes clients are continuing to receive life-changing sums of money as compensation for PPI they were mis-sold.

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UK Banks Could Lose £ Billions Through Coronavirus

UK banks could lose £ billions through coronavirus

Fear over how the coronavirus will affect outstanding loans to companies struggling with the coronavirus pandemic could cost UK banks billions of pounds, claims a new report.

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PCP car loan – were you mis-sold?

Were you mis-sold a PCP car loan?

Tens of thousands of UK motorists could be owed compensation for mis-sold car finance loans known as personal contract plans (PCP) after a two year investigation found some motorists were paying £1,100 over the odds on their finance.

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PPI News – CMA forces Paymentshield to pay £380,000 for PPI breaches

CMA forces Paymentshield to pay £380,000 for PPI breaches

Britain’s Competition and Markets Authority (CMA) has forced Paymentshield to pay £380,000 compensation to hundreds of customers for breaches of PPI rules with further payments expected in the near future.

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PPI News – No PPI decision yet for hundreds of thousands

No PPI decision yet for hundreds of thousands

Six months after the PPI claims deadline on August 27th last year more than half of claimants have still had no decision on their complaint.

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PPI News – Co-op Bank takes £62.5 million hit for PPI

PPI News - Co-op Bank takes £62.5 million hit for PPI

Pre-tax losses for the Co-operative Bank widened to £152.1 million from £140.7 million after the bank took a hit of £62.5 million for mis-sold PPI over the last year.

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Lloyds, Virgin Money and Direct Line cuts hundreds of jobs

Lloyds, Virgin Money and Direct Line to cut hundreds of jobs

Just a week after announcing a 26% drop in profits, Lloyds Banking Group (LBG) has announced it is shedding the equivalent of 780 full time jobs across its branch network.

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PPI News – Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

The additional provision of £2.45 billion for PPI complaints in 2018 ‘significantly impacted’ the profits of Lloyds Banking Group (LBG) according to chairman Lord Blackwell.

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PPI News – HSBC profits plunge with mass job cuts and PPI surges

HSBC profits plunge, mass job cuts and PPI surges

Announcing a drop in profits of 33%, HSBC is to axe 35,000 jobs globally and is still processing tens of thousands of PPI claims.

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RBS to change its name to Natwest

Royal Bank of Scotland (RBS) to change its name to Natwest

Royal Bank Of Scotland Group (RBS) is to change its name to NatWest later this year.

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