Are smartphones taking over the banking business?

aRE MOBILES TAKING OVER THE BANKING BUSINESS?

The number of consumers using their smartphones to run their bank accounts has soared in recent years.

Together with internet banking, they have been blamed by many of the high street banks for the need to close branches across the country as customers change the way they handle their money.Read More


Lloyds and Virgin ban customers from buying Bitcoins

Lloyds and Virgin ban customers from buying Bitcoins

Lloyds Banking Group (LBG) and Virgin Money have banned their customers from buying Bitcoins with their credit cards.

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Lloyds axes more than 900 jobs

Lloyds axes more than 900 jobs

Lloyds Banking Group (LBG) has announced the axing of more than 900 jobs in the latest phase of its shake-up across the business.

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Hundreds of bank branch closures in 2017

Hundreds of bank branch closures in 2017

Britain’s high street banks shed almost a thousand branches in 2017.

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Is a PPI claim not worth the effort?

Not worth the effort - You can't have success without making a claimNot worth the effort - You can't have success without making a claim

People have lots of reasons for not making a PPI claim and at Gladstone Brookes, we hear them all.

Some have been too busy to make a claim and others – like 19% of those surveyed by Which? recently – think that the potential amount of compensation is not worth the effort.

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Lloyds add over £1 billion to PPI pot in six months

Lloyds add over £1 billion to PPI pot in six months (1)

Lloyds Banking Group (LBG) have added £1.05 billion to their PPI provision in just six months and admitted even that may not be enough.

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Lloyds sale makes £894 million profit

Lloyds sale makes £894 million profit

Lloyds Bank has finally been re-privatised and the sale of the last few shares made them a £894 million profit on the deal.

The government sold its last block of taxpayer-owned shares nine years after Lloyds Banking Group (LBG) was bailed out with £20.3 billion for a 43.4% stake in the bank.

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FCA sees record number of complaints

FCA sees record number of complaints

Britain’s financial watchdog has reported a record 3.04 million complaints in the second half of 2016.

Claims for mis-sold PPI were still the largest group, accounting for 29% of the overall total.Read More


Lloyds confirms £350 million extra for PPI

Lloyds confirms £350 million extra for PPI

Lloyds Banking Group (LBG) has confirmed it has added another £350 million to its PPI compensation pot when it announced its 2017 first quarter performance figures.

In its review of its financial performance, the bank says the increase was ordered after the Financial Conduct Authority (FCA) pushed back the PPI deadline date to August 29th 2019.Read More


RBS could be sold at a loss – Hammond

RBS could be sold at a loss – Hammond

Chancellor Philip Hammond has admitted that the government could face a multi-billion pound loss by selling off its 73% stake in the Royal Bank Of Scotland (RBS).

Mr Hammond has told MPs that ‘we have to live in the real world’ in returning the taxpayer-owned bank to private ownership.Read More