Banking Archives | Page 3 of 18 | Gladstone Brookes

Blog Category: Banking


PPI News – RBS confirms £900 million more for PPI

RBS confirms £900 million more for PPI

Royal Bank Of Scotland (RBS) has confirmed it has added another £900 million to pay future successful PPI claims, contributing to an £8 million operating loss before tax for the third quarter of the year.

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PPI News – Nationwide must pay clients £2 million for PPI breaches

Nationwide must pay clients £2 million for PPI breaches

Nationwide has been ordered to pay £2 million in refunds to more than 7,000 of its members for breaches of PPI rules.

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PPI News – Banks hit by more than 10,000 PPI claims a day

Banks hit by more than 10,000 PPI claims a day

Britain’s banks were hit by more than 10,000 new PPI claims a day in the first six months of the year, according to new figures released by the Financial Conduct Authority (FCA).

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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 – 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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