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October 14, 2014 
Daniel Lee If ever there was a prime example of the attitudes of people at the top level in major banks, this is it!
With the long overdue, and I mean LONG overdue, rules being introduced by regulators which could see criminal prosecutions being brought against banking executives for failings, it appears the water has become too hot for some.
Alan Thomson and John Trueman, HSBC Directors, have decided enough is enough, and are quitting in protest of the new rules.
HSBC, amongst most other UK lenders, have systematically mis-sold products such as PPI and Packaged Bank Accounts, and offered terrible advice on mortgages and investments, purely to line their own pockets and that of it’s shareholders.
As if bringing the country, and the rest of the world, to it’s knees wasn’t bad enough, these people would rather run than put right their clear failings.
No doubt Mr Thomson and Mr Trueman’s will be able to enjoy a long and luxurious retirement whilst the rest of us have to pick up the pieces.
Reckless behaviour by senior bank staff will soon become a criminal offence, if regulators get their way.
However the banking industry have claimed that such rules would struggle to attract high quality directors!!!!
If we weren’t still feeling the affects of the huge recession brought about by bankers greed, that would almost be laughable. It’s abundantly clear that the banking industry must start to attract a completely new type of director, people who put customers first instead of their own filthy pockets.
In addition to criminal charges for reckless behaviour, the regulator also has the power to claw back bankers bonuses up to seven years after they have received them.
Unfortunately the new rules mean that bonuses cannot be clawed back for past misdemeanours as this would start with a line in the sand, so to speak.
We have reservations regarding how exactly this will be done, given the history of broken promises by the regulator, but we must remain hopeful they will stand by their new claims of stronger action.
With an estimated 7 million people yet to stake their claim for compensation for mis-sold PPI, and millions more who are entitled to compensation for the new Packaged Bank Account scandal, there are BILLIONS in compensation waiting to be claimed.
Account numbers are not needed, as fast-track systems have been set up between Your Money Claim and most banks which sees lenders provide account details and whether any insurances were added to the account, whether it be a current account, mortgage, loan, credit card or even a store card.
Your Money Claim deals with, and beats, the banks on a daily basis, recovering MILLIONS in compensation for thousands of customers.
So why not start your claim today, it’s your chance to make the banks pay for their past greed.
HSBC Directors
October 13, 2014 Daniel Lee Clydesdale Bank has, in one fell swoop, almost doubled it’s PPI bill.
With a new PPI compensation fund standing at over £1.2 BILLION, a whopping £425 MILLION increase, it’s yet more evidence that the banks and lenders have hugely underestimated what the final PPI bill will be.
With a new wave of claims against mis-sold Packaged Bank Accounts, in addition to the PPI scandal, it’s hardly a good time for UK banks, who are finally starting to face the music for their greed.
The bank, which is owned by National Australia Bank, has had to issue a profit warning on the back of this new addition to the Clydesdale PPI bill.
Further misery was heaped on the bank, which also owns Yorkshire Bank, as it stated this latest increase should see it through this financial year. This clearly indicates that more is to come, much more.
Indeed, only two months ago the bank set aside a further £75 MILLION, hoping this would be an end to it.
Clydesdale Bank and Yorkshire Bank have followed in a long line of banks who have added to the compensation fund over the last few months.
With UK banks adding over £3 BILLION within a 6 week period just a few short months ago, this addition to the Clydesdale PPI bill pushes the overall cost to the financial sector beyond the £25 BILLION mark that they had hoped would be the final figure.
We stated months ago that our estimation was of a final figure between £25 BILLION – £42.5 BILLION.
This is based on basic maths, but is entirely dependant on the estimated 7 MILLION people who have yet to make a claim doing so. Furthermore, with banks and lenders continuing to handle complaints unfairly, our figures suggest that they’ve saved themselves a cool £17 BILLION, simply because of the sheer number of people who accept the banks telling them that their PPI wasn’t mis-sold.
By placing your claim in the hands of the experts, you don’t have to deal with the tactics and hurdles that banks often put up in order to try and wriggle out of paying compensation where it’s due.
Your Money Claim are the experts. From checking to see whether you’ve been sold PPI, to dealing with your lender throughout the claim process, you can relax, safe in the knowledge that your claim is being dealt with by a company that is used to beating the banks every day.
It’s what we do, it’s what we love, so why not start your claim today.
Clydesdale PPI bill
October 23, 2014 Daniel Lee MBNA was founded in 1982 and was initially known as Maryland Bank N.A, hence the initials MBNA. The letters N.A. stood for National Association. Maryland Bank was renamed MBNA officially in 1989. The founders of MBNA were a group of MNC Financial executives, with MBNA’s first offices being housed in a reformed supermarket in Ogletown, Delaware.
MBNA, like most banks and lenders, saw an opportunity to take advantage of the good nature of it’s customers in order to make vast amounts of profits by mis-selling PPI. Luckily for them however, it appears they may come through the new Packaged Bank Account scandal as MBNA do not currently offer current accounts.
MBNA PPI Claims have been consistently high since the scandal hit the media in the mid 2000s!
Bank of America acquired MBNA in 2006, and you could be forgiven in thinking that Bank of America may have regretted their purchase given the impact on it’s reputation since the PPI mis-selling scandal came to light.
Forbes magazine listed Bank of America the worlds third largest company in 2010, and in 2008 they became the worlds largest wealth management corporation by acquiring Merrill Lynch.
Such was the size of MBNA that the company held 12.2% of all bank deposits in America in 2009! They also have almost 50 MILLION customers across the globe.
On 21st August 2014, Bank of America found themselves facing a huge fine after the US Justice Department filed several lawsuits and countless investigations involving both mortgages and financial disclosers. The fine was reported at an eye watering $16.65 BILLION!
MBNA have been one of the front runners in mis-selling of Payment Protection Insurance in recent times.
It’s also clear that MBNA have not been handling claims fairly. This is evident via checking the number of initially rejected complaints regarding MBNA PPI, that the Financial Ombudsman Service overturn.
A staggering 80% of MBNA PPI claims that the bank reject are decided to have been unfairly rejected. This is yet more evidence that banks such as MBNA continue to treat their customers unfairly, and why we insist on escalating rejected cases to the Financial Ombudsman Service!
MBNA, along with the other major mis-sellers have already set aside almost 25 BILLION in compensation. With our estimations suggesting that the majority of UK consumers have been affected, why not see if you’re entitled to thousands.
If you don’t want to be mis-treated by banks anymore then get your MBNA PPI Claims pack today! Need any help with filing it out? Click Here.
You can download it yourself in seconds or you can apply for one via the post today! With our simple process you could be on your way to compensation in minutes!
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MBNA PPI Claims – The Story
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