Covid-19 saw the nation pull together in a way that our generation has been lucky enough until now to never see before.
12:23 pm FCA
PPI News – Gladstone Brookes Top 20 Payouts for April 2020
Months after the final deadline for PPI complaints in August last year Gladstone Brookes is still recovering life-changing sums of money for its clients.
FCA wants more emphasis on good outcomes for clients
Britain’s financial watchdog wants firms to concentrate more in future on good outcomes for their clients than dedicating too many of their resources to redress and remediation.
Coronavirus News – FCA urges firms to work ‘as normally as possible’
Britain’s financial regulator has urged firms in the financial sector to carry on working as normally as possible, but has had to postpone its own non-urgent work to help others to deal with the crisis.
PPI News – 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.
PPI News – HSBC profits plunge with 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.
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.
FCA warns banks to stop short-changing loyal customers
Britain’s financial regulator has warned banks to stop short-changing loyal customers while rewarding new accounts with special ‘teaser rates’.
FCA chief to be new governor of the Bank Of England
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.