New research predicts that a quarter of all Brits will have a digital-only bank account within the next five years.
Blog Category: Banking
A Royal Bank Of Scotland (RBS) plan to buy back more than £1 billion worth of its own shares from the government could mean the British taxpayer losing millions of pounds.
Hundreds of thousands of customers of Lloyds Banking Group (LBG) have found themselves unable to make payments from their online accounts due to a computer glitch.
Spanish-owned bank Santander has announced the closure of 140 of its UK branches, putting 1,270 jobs at risk.
The total payout for mis-sold PPI is heading for £34 billion, just months before the PPI claims deadline in August.
Britain’s financial regulator – the Financial Conduct Authority (FCA) – has announced proposals to ban ‘rip-off’ fees for unarranged overdrafts in a crackdown on the way banks levy their charges.
A lot is due to happen in 2019 – not least the PPI claims deadline on August 29th – covering everything from how much tax you’re charged, what you’re paid in benefits and how to switch mobile phone providers.
Britain’s financial regulator has fined Santander £32.8 million for failings in its ‘flawed’ probate and bereavement services.
PPI compensation breaks the £33 billion barrier
The total amount of compensation paid for the mis-selling of PPI by Britain’s financial industry has broken the £33 billion barrier.
Seven of Britain’s high street banks and building societies have passed the latest Bank Of England stress test and proved they have the resources to survive a ‘disorderly Brexit’ scenario should it happen.