Like many people, Jennifer Clark suspected she might have PPI attached to a loan, but hadn’t done anything about it. Jennifer, who runs a poultry industry services business with husband Robin, said: “We thought we may have been mis-sold PPI on a loan we got from Barclays, but we didn’t do anything about trying to […]
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Cameron promises discount Lloyds shares for ‘ordinary’ investors
Prime Minister David Cameron has promised thousands of ‘ordinary’ investors will get the chance to buy £4 billion worth of shares in the latest sell off of Lloyds shares if the Conservatives win the general election on May 7th. Institutional investors will be able to snap up another £5 billion of the government’s remaining stake […]
Read MoreMPs demand police inquiry into Clydesdale scandal
Two influential MPs are calling for a police inquiry into the Clydesdale PPI scandal which saw the bank fined a record £20.7 million by the UK regulator. The bank, based in Edinburgh, and its sister company the Yorkshire Bank, has admitted tampering with evidence, falsifying documents and mis-leading the Financial Ombudsman Service (FOS) over rejected […]
Read MoreFCA hits Clydesdale with record £20.7 million fine for PPI failings
The UK regulator has hit Clydesdale Bank with a record £20.7 million fine for ‘serious failings’ in the way the bank has handled PPI complaints. Those failings included falsifying information on its policies and providing false information to the Financial Ombudsman Service (FOS) about the information it held.
Read MoreBanks to pay even more £billions for PPI
Britain’s banks could still be forced to pay even more £ billions in PPI compensation, according to top analysts, Investec. The stockbroking firm claim Lloyds Banking Group (LBG) could put aside a further £1 billion over the next 18 months after already setting aside 50% of the £24 billion the industry has earmarked to pay […]
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