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PPI mis-selling will drag on warns bank boss

As the Financial Conduct Authority (FCA) announce UK banks have now paid out £18.8 billion for mis-sold PPI, one bank boss is warning the scandal is going to ‘drag on’ for some time yet. The latest FCA figures shown that Britain’s banks paid out another £361 million in February to successful PPI claimants, maintaining the […]

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CHARITY OF THE MONTH – £485 to Cystic Fibrosis Trust

Being diagnosed with cystic fibrosis can be overwhelming because it is a genetic life-shortening disease which severely affects your internal organs and it is incurable. Living with cystic fibrosis can mean daily physiotherapy, anti-biotics and in some cases being fed through a tube at night because the disease has severely compromised your digestive system.

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SUCCESS STORY: £10,000± – “Nothing ventured nothing gained!”

Shift worker Ian Harkins has a workmate to thank for his £10,031.03± PPI payout as well as Gladstone Brookes. Printer Ian was in work one day when a colleague came in a told him he’d just got £1,700 back after making a claim for mis-sold PPI.

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RBS could face ‘substantial damages’ over US mortgage bond sales

RBS could face ‘substantial damages’ over US mortgage bond sales

Royal Bank Of Scotland (RBS) could be facing ‘substantial damages’ after an American court ruled it had engaged in an ‘enormous deception’ selling mortgage-backed securities in the US.

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Banks to plead guilty to FOREX rigging

Two of Britain’s biggest banks are expected to plead guilty to charges that they conspired to manipulate FOREX – the foreign exchange rate – and it will cost them billions of pounds in fines from UK and US regulators. Barclays and Royal Bank Of Scotland (RBS) are among a number of institutions which have been […]

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A tale of two banks

Lloyds Banking Group (LBG) and Royal Bank Of Scotland (RBS) were both bailed out by the British government at the height of the financial crisis in 2008, but the fortunes of the two banks have differed widely since then. The bailout figure for Lloyds was £20 billion which gave the British taxpayer a 43.4% stake […]

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SUCCESS STORY – It’s like winning the pools or the lottery!

Newsagent Alan Bennett was delighted when he received more than £25,700± in compensation for mis-sold PPI after claiming with Gladstone Brookes. “I was really surprised at how much I got back,” he said. “It’s like winning the pools or the lottery.” Expected But the money didn’t come from where he expected it to. Said Alan: […]

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Orcel says sorry for causing financial meltdown

Andrea Orcel, the man whose advice cost the British taxpayer £45.5 billion, has finally said sorry seven years later. Orcel was the man who advised Royal Bank Of Scotland (RBS) on its disastrous acquisition of the ABN Amro Bank in 2007 which led to the UK government being forced to bail out RBS to save […]

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Lloyds challenged over executive bonuses

Lloyds Banking Group (LBG) is being challenged over paying huge bonuses to its top executives while its bill for mis-selling PPI is £12 billion and growing. As LBG shareholders prepare to vote on pay and bonuses at the bank’s annual general meeting, experts have been criticising the bank for the way in which it has […]

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Co-op Bank offloads £1.5 billion of ‘risky’ mortgages

The troubled Co-op Bank has offloaded £1.5 billion of ‘risky’ mortgages as part of a bid to get the business back on an even keel. It has completed the first part of the process to sell part of the toxic Optimum loan book it acquired as part of its takeover of the Britannia Building Society […]

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