Ppi
Citizens Advice calls for ban on cold calling after Ofcom studyCitizens Advice is calling for nuisance calls to be banned after new research from the regulator Ofcom found that 82 per cent of people have been affected by cold calling. |
RBS taxpayer share sale could start within a yearThe Chairman of the Royal Bank of Scotland Sir Philip Hampton says he can't guarantee there are no more "skeletons in the cupboard" and further job losses are possible as the company continues restructuring. |
"Big five" UK banks pay 771 staff £1m as profits wiped outA new report from KPMG says the "big five" UK banks have improved core performance but profits have been wiped out by the "cost of past mistakes". |
Lloyds loss cut but PPI bill hits £6.8bnLloyds Banking Group reduced its losses from £3.5 billion to £570 million in 2012 as underlying profits improved. However, the huge PPI bill dragged down its results. |
Lloyds PPI loss to increase to £6.5bn on tomorrow's resultsLloyds Banking Group is expected to announce a loss for 2012 when it publishes its latest financial results tomorrow partly due to raising its total PPI compensation bill to £6.5 billion. |
Lloyds Bank receives 4,000 PPI complaints a day in 2012Lloyds Banking Group received almost 4,000 complaints about payment protection insurance a day in 2012, it has been revealed as the bank prepares to announce its results. |
Lloyds Banking Group fined £4.3m by FSA for PPI payment delaysThe regulator, the Financial Services Authority has fined Lloyds Banking Group £4.3 million for delays in making payouts to customers due payment protection insurance compensation. |
Lloyds PPI boss Eric Daniels defends PPI as "good value"The man who was in charge of Lloyds Banking Group during much of the period when payment protection insurance was mis-sold has told MPs that most customers "got good value". |
Barclays chief wields axe and signals end to global expansionBarclays is to reduce the size of its investment bank as new chief executive Antony Jenkins wields the axe and cuts failing parts of the business. |
CIIA issues new auditor rules to reduce City scandalsThe Chartered Institute of Internal Auditors has published a new consultation document that aims to improve the ability of auditors to do their job effectively and reduce banking scandals. |
PPI claimants make £1,000 more if they claim themselvesThe Financial Services Compensation Scheme says 15 per cent of the money it pays out goes to claims management companies and advises consumers to claim themselves. |
Barclays add £1 billion to mis-selling provisionsBarclays has increased its provisions for the mis-selling of interest rate hedging products and payment protection insurance compensation by £1 billion. |
PPI complaints rise again adding to banks compensation billsThe Financial Ombudsman Service says it has received almost 250,000 complaints about payment protection insurance this financial year and there has also been a rise in catalogue shopping complaints. |
FOS to employ 1000 new staff as PPI complaints soarThe Financial Ombudsman Service is planning to recruit an extra 1,000 staff to cover the huge rise in complaints referred to it over PPI compensation claims. |
PPI compensation payments could double to £25 billionA new report by the Times newspaper suggests that the total bill to UK banks for the mis-selling of payment protection insurance could reach £25 billion. |
FSA fine over PPI damages Co-op's image as "ethical" bankIn a ruling that could be extended to other banks the Financial Services Authority has fined the Co-op £113,300 for putting PPI complaints on hold during a high court case. |
MOJ revokes licenses of 209 claims management companiesThe Ministry of Justice has banned 209 claims management companies from operating for a variety of misdemeanours including charging fees when there is little chance of a successful claim. |
Nationwide aims to enter SME lending by buying RBS branchesAnnouncing its interim results, the UK's biggest building society, Nationwide, says it is interested in buying the 316 RBS branches for sale as a way of entering the SME lending market. |
CBI chief calls for time limit on PPI claims to help banksThe head of the CBI, John Cridland says that there should be a time limit on PPI claims so banks can concentrate on business that will help the economy. |
CAB calls for PPI CMC's to be banned from charging upfront feesThe Citizens Advice Bureau has called for payment protection insurance claims management companies to be banned from charging upfront fees and urges consumers to claim by themselves. |
HSBC profits up despite $1.5 billion money-laundering billHSBC has announced an increase in underlying profits despite adding a further $800 million provision for a possible fine for money-laundering. |
RBS prepares to "dance to the tune of regulators" over LiborThe Royal Bank of Scotland is preparing for talks with regulators to settle Libor claims as it announces a £1.26 billion pre-tax loss for the third quarter. |
Lloyds raises PPI bill by £1 billion up to £5.3 billionLloyds Banking Group announced a £144 million loss as it increased its provision for payment protection insurance compensation by £1 billion to £5.3 billion. |
Barclays posts loss as it attempts to emerge from its dark pastBarclays announced a third quarter loss of £47m and raised its PPI provision by £700m as it attempts to emerge from a succession of fines and mis-selling scandals. |
Barclays to increase PPI provision by £700m to £2 billionBarclays Bank has announced that it will increase its provision for payment protection insurance compensation by £700 million to £2 billion in its third quarter accounts. |
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