Personal Finance Archives | Page 3 of 34 | Gladstone Brookes

Blog Category: Personal Finance


Personal finance tips and advice from the team with topics that include banking, pensions, money saving, credit and energy prices.

PPI News – Co-op Bank takes £62.5 million hit for PPI

PPI News - Co-op Bank takes £62.5 million hit for PPI

Pre-tax losses for the Co-operative Bank widened to £152.1 million from £140.7 million after the bank took a hit of £62.5 million for mis-sold PPI over the last year.

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Lloyds, Virgin Money and Direct Line cuts hundreds of jobs

Lloyds, Virgin Money and Direct Line to cut hundreds of jobs

Just a week after announcing a 26% drop in profits, Lloyds Banking Group (LBG) has announced it is shedding the equivalent of 780 full time jobs across its branch network.

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PPI News – Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

Lloyds PPI bill of £2.45 billion ‘significantly impacted’ profits

The additional provision of £2.45 billion for PPI complaints in 2018 ‘significantly impacted’ the profits of Lloyds Banking Group (LBG) according to chairman Lord Blackwell.

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PPI News – HSBC profits plunge with mass job cuts and PPI surges

HSBC profits plunge, mass job cuts and PPI surges

Announcing a drop in profits of 33%, HSBC is to axe 35,000 jobs globally and is still processing tens of thousands of PPI claims.

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RBS to change its name to Natwest

Royal Bank Of Scotland Group (RBS) is to change its name to NatWest later this year.

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PPI News – Barclays only half way through PPI backlog

Barclays only half way through PPI backlog

Barclays is still only half way through processing the massive spike of PPI complaints received in the run-up to the claim’s deadline in August last year.

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PPI News – FOS handling 3,500 new PPI complaints a week

FOS handling 3,500 new PPIO complaints a week

The Financial Ombudsman Service (FOS)has been receiving an average 3,500 new PPI complaints a week in the wake of the claims deadline of August last year.

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PPI compensation breaks £37 billion barrier

PPI compensation breaks £37 billion barrier

The total compensation paid for PPI mis-selling has broken the £37 billion barrier.

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PPI News – GB Top 20 PPI Payouts for January 2020

GB Top 20 payouts for January 2020

Gladstone Brookes started the year strongly with the top 20 PPI compensation payouts totalling more than £617,000.

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FCA asks banks to explain 40% overdraft rates

FCA asks banks to explain 40% overdraft rates

Britain’s high street banks are being asked to explain how they calculated their new 40% overdraft rates by the country’s financial watchdog.

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