Up to 5,000 PPI Complaints Made Each Week According to new figures, there are up to 5,000 people still complaining to the Financial Ombudsman each week about PPI. Two-thirds, or 67% of new complaints received by the Financial Ombudsman Service (FOS) between May and June were all about payment protection insurance. According to the Ombudsman […]
UK Banks to Be Broken Up By the Competition Watchdog RBS, HSBC, Barclays and Lloyds could be forced to break up after a finance watchdog’s inquiry. The watchdog has made claims that Britain’s banking sector is characterised by anti-competitiveness and a failure to meet ordinary citizens and small business’ needs. The newly established Competition and […]
Lawsuit Results in Fall for Barclays Dark Pool Trading New York’s Attorney General has accused British bank Barclays of mis-leading its customers and giving an unfair edge to high-speed traders. According to data, it was shown on Monday the volume in Barclays’ “dark pool” electronic trading venue has plummeted by 79% in the week and […]
PPI bill set to rise again by a further £1.5 BILLION It’s envisaged that the banks and lenders caught up in the biggest financial scandal in UK history will have to set aside a further £1.5 BILLION over the next week or two. The biggest banks, Barclays, Lloyds Banking Group, HSBC, Santander and RBS/Natwest are […]
PPI – The Most Frequently Asked Questions Part 2/8 In part two of this series of the most commonly asked questions about PPI we’re going to look at when the mis-selling started, why it was mis-sold on such a colossal scale and whether or not there’s a deadline for you to have made your claim […]
PPI – The Most Frequently Asked Questions Part 1/8 Millions of people in the UK are still to claim the money that they’re owed from mis-sold Payment Protection Insurance (PPI). Thousands of those probably aren’t aware that they’re actually owed any money at all but if you have had a loan, car finance, store card, […]