Virgin Money has declared a £139 million loss on the year after being hit with a deluge of PPI claims.
Blog Category: Personal Finance
The Lloyds Banking Group (LBG) has joined the 40% overdraft club, but some customers could be charged as much as 49.9% when their account goes into the red.
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’.
Millions of people could be owed millions of pounds in an emerging scandal over mobile phone charges.
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.
In a world first the Bank Of England is set to order the UK financial system to undergo a new series of tests to establish their readiness to cope with problems brought on by climate change.