New security measures being introduced by banks could give online shoppers problems in the run-up to Christmas.
Blog Category: Banking
Britain’s ‘bad bank’ has set aside another £44.1 million to pay out future successful PPI claims.
Payouts continue to rise
Latest PPI figures released by the Financial Conduct Authority (FCA) revealed that lenders have paid £32.9 billion between January 2011 and September of this year.
A £150 million increase in its PPI compensation provision has pushed high street banking group CYBG into a £145 million loss on the year.
A special investigation has been ordered into the treatment of ‘financially vulnerable’ customers by Britain’s banks and other financial institutions.
With less than a year to go before the PPI deadline the consumer awareness campaign does not appear to be reaching all of its intended targets.
Lloyds Banking Group (LBG) – Britain’s biggest high street lender – is planning to axe 6,240 jobs as part of a £3 billion restructure, but will then create 8,240 new posts to run a newly digitised operation.
With just weeks to go before Santa brings the happiness of Christmas to families all over the country, Britain’s banks are pumping £1/3 billion a month back into the economy and helping parents buy bigger and better gifts for their children.
The High Court has refused an attempt by the Serious Fraud Office (SFO) to re-instate charges against the bank for alleged unlawful dealings with Qatar at the height of the 2008 financial crisis.
A Royal Bank Of Scotland (RBS) claim that it has changed its culture has been questioned by a group of top MPs as employees involved in what has become known as the GRG scandal are still working for the bank.