PPI claimant bags £50,000
A woman has successfully claimed £50,000 after being mis-sold payment protection insurance.The woman, who has chosen to remain anonymous, bagged the huge sum after it was ruled… read more
FCA CEO outline plans for tackling future banking issues
The chief executive designate of the Financial Conduct Authority (FCA) has discussed how banks will be dealt with over future consumer and commerce-related issues.Martin Wheatley, who will lead the organisation… read more
HSBC adds extra £290m to its PPI compensation pot
The payment protection insurance (PPI) compensation pot at HSBC has been increased by £290 million, taking its total provision to £745 million.According to mirror.co.uk, the 63 per cent rise… read more
Successful PPI claims help Brits boost savings
Brits are managing to stash more money away in their savings account thanks, in part, to the increasing amount of successful PPI claims.A new study from ING Direct Bank has indicated that the… read more
HSBC will become the last bank to up their PPI provision
HSBC is expected to be the last of Britain's major banks to announce an increase in its provision for mis-sold payment protection insurance claims.The bank is set to announce its quarterly results… read more
Car supermarket fined £91,000 for PPI mis-selling
The FSA has fined a car supermarket for its failure to monitor the selling of payment protection insurance (PPI), ifaonline.com reports.UK Car Group (UKCG) has been slapped with a £91,000 fine regarding… read more
RBS could be the latest bank to up PPI compensation fund
Royal Bank of Scotland (RBS) are likely to become the latest bank to set aside more compensation for victims of mis sold payment protection insurance.The bank is expected to announce that they… read more
Clydesdale Bank criticised for role in PPI scandal
Clydesdale Bank is "as guilty" as the other banks involved in the wider payment protection insurance (PPI) scandal, according to a columnist.Writing for scotsman.com, Terry Murden accepted that the National… read more
Lloyds sets aside extra cash for PPI compensation
Lloyds Banking Group has set aside a further £375 million to help recompense those with payment protection insurance claims, bbc.co.uk reports.The move takes the total fund set aside by the banking… read more
Yorkshire and Clydesdale banks to cut 17% of workforce
About 17 per cent of the workforce at Yorkshire and Clydesdale banks are due to lose their jobs.Owner of the financial brands National Australia Bank (NAB) made the restructuring announcement as the… read more
