With just four months to go before the PPI claims deadline Lloyds Banking Group (LBG) have added another £100 million to their PPI compensation pot.
Lloyds Banking Group (LBG) is to pay 200,000 customers around £6 million for denying them seven years of interest payments.
Lloyds Banking Group (LBG) still has £1.3 billion left to pay successful PPI claims before the August claims deadline.
Hundreds of thousands of customers of Lloyds Banking Group (LBG) have found themselves unable to make payments from their online accounts due to a computer glitch.
Lloyds Banking Group (LBG) – Britain’s biggest high street lender – is planning to axe 6,240 jobs as part of a £3 billion restructure, but will then create 8,240 new posts to run a newly digitised operation.
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
Another crisis appears to have hit troubled TSB as customers start to complain their bank accounts have been emptied and there was no warning about suspicious activity.
Victims told a BBC radio programme that their accounts had been emptied, but they hadn’t received a single warning text or phone call from the bank.
Chief executive Paul Pester Has told MPs he has no idea when the online banking crisis at TSB will be resolved.
He was appearing before the Treasury Select Committee to explain why millions of bank customers have been denied access to their money because of a computing error.
Senior officials of TSB have been called to appear before the Treasury Select Committee to explain the spectacular crash of its online banking service to MPs.
The committee will take evidence from TSB chief executive Paul Pester and chairman Richard Meddings as well as a representative of the bank’s Spanish owners, Sabadell.Read More
The Treasury are preparing to sell off the remaining Bradford & Bingley mortgages to try to recover the last portion of the £20 billion bailout cost from the financial crash of 2008.