The total compensation paid for PPI mis-selling has broken the £37 billion barrier.
Blog Category: Banking
Gladstone Brookes started the year strongly with the top 20 PPI compensation payouts totalling more than £617,000.
Britain’s high street banks are being asked to explain how they calculated their new 40% overdraft rates by the country’s financial watchdog.
Virgin Money has declared a £139 million loss on the year after being hit with a deluge of PPI claims.
Challenger bank TSB is to open a dedicated IT centre as part of its drive towards digital banking.
Santander has become the latest bank to set a single overdraft rate of 40%.
Britain’s financial regulator has warned banks to stop short-changing loyal customers while rewarding new accounts with special ‘teaser rates’.
Andrew Bailey, chief executive Britain’s financial regulator, has been named as the man to take over from Mark Carney who is stepping down as the governor of the Bank Of England in March after six years in control.
2019 was a landmark year for PPI with the much heralded claims deadline passing on August 29th.
The last month of 2019 produced a good crop of Christmas and New Year surprises for our clients with a dozen of our Top 20 payouts all receiving five figure sums in compensation from just a single claim.