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.
Blog Category: Banking
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.
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.
Well, that’s it! The PPI saga is over and done with as the much heralded deadline passes into history.
Are you sitting on a stash of old fivers and tenners? If so, the Bank Of England would like them back.
British economists are starting to voice concerns about what will happen when the PPI money runs out.
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.
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.
With just a week to go before the PPI claims deadline, the total payout of compensation has reportedly smashed the £36 billion barrier.
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.