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HSBC now hints at ‘spin off’ of retail banking arm

HSBC now hints at ‘spin off’ of retail banking arm

by Mike Birkett, 19/06/2018 HSBC now hints at ‘spin off’ of retail banking arm HSBC are considering ‘spinning off’ their UK retail business if planned bank reforms become ‘too electrified.’ Days after announcing that a decision on moving their headquarters from London to Hong Kong is likely in ‘months not years’, Europe’s largest bank says […]

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Clydesdale Bank to be sold off by NAB

Clydesdale Bank is to be sold off by its parent company National Australia Bank (NAB) who say there are ‘significant risks and uncertainties’ surrounding the conduct of the UK operation. In a statement NAB said: “This is a substantial and complex undertaking, subject to risk and addressing a number of issues of which the most […]

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Another £91 million for PPI as HSBC threatens to quit UK

HSBC has added another £91 million to its PPI provision just weeks after announcing it may be moving its headquarters out of the UK. Europe’s biggest bank was the last of the big four to announce its quarterly figures and the new provision takes their total pot to almost £2.6 billion, a fraction of the […]

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SUCCESS STORY: “The service has been nothing short of brilliant”

When NHS support worker Elizabeth Bowman received almost £2,000± through Gladstone Brookes for mis-sold PPI on three credit cards she was thrilled and thought that was it.

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SUCCESS STORY: Pamela was shocked to win so many claims

  Pamela Oliffe had seen the Gladstone Brookes advert on the television many times and one day she decided to take action and make a call – just on the off chance that there might be some money to come back. “I’d seen the advert on the telly and I knew we’d had a few […]

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Lloyds loses £660 million on the sale of TSB

Lloyds Bank has announced the loss of £660 million on the sale of its TSB brand to the Spanish bank Banco de Sabadell. The loss created an 11% fall in pre-tax profits to £1.2 billion for the first quarter of 2015.  The underlying profit was up by 21% to £2.17 billion.

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RBS £446m loss includes another £100m for PPI

Royal Bank Of Scotland (RBS) has announced a first quarter loss for 2015 of £446 million, almost a quarter of which is an increase in their provision to pay future successful PPI claims. The announcement came 24 hours after Barclays announced that they had added another £150 million to their PPI provision.

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SUCCESS STORY – Freelance publicist Lucy wins back over £26,000±

Freelance publicist Lucy Ramsey is the first to admit she’s not very good with forms or finance. “I’ve always found them difficult,” she said.  “I’m quite a bright lady and I’ve been a publicist for 27 years, but I find forms very daunting and I didn’t have a lot of paperwork.”

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SUCCESS STORY – I had no idea about PPI and I got £9,200± back!

Retired process operator John Michael knew nothing about PPI or that he might have it attached to his loans from Royal Bank Of Scotland (RBS). “I hadn’t got a clue,” said John. “Then my brother-in-law said I should try to find out if I was owed any money and recommended me to Gladstone Brookes because […]

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Barclays set aside another £150 million for PPI

Barclays have set aside another £150 million to pay future successful PPI claims as they announce profits are down by a quarter. The bank has also set aside another £800 million for expected fines and other costs in connection with alleged foreign exchange rate (FOR-EX) manipulation.

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