Banks forced to fund PPI advertising campaign We brought you news recently that the weakness of the Financial Conduct Authority (FCA) could finally see a PPI deadline being introduced. That deadline, if approved early next year, is likely to be 2018 which will please the banking industry as they now look set to come out […]
RBS and Natwest stop target bonuses RBS and Natwest have claimed they have become the first UK banks to put a stop to the ridiculous target driven culture within its branch network. Whilst we welcome the news, if indeed it turns out to be true of course, there are some pretty worrying points to be […]
Lloyds PPI provision up again With the government recently announcing their intention to sell more shares in the part publicly owned Lloyds Banking Group, we anticipated that there would be no additional money being set aside for the PPI compensation pot. However, today we learn the Lloyds PPI provision up £500m taking it’s grand total […]
Former HBOS chief admits PPI mis-selling was known At long long last we have one of the major banks former bosses admitting he knew all about the PPI mis-selling that was happening on his watch. This revelation has led to MP’s calling for an investigation into the claims. HBOS (Halifax Bank of Scotland) forms part […]
PPI deadline discussions continue British banks and lenders have been pushing for some considerable time now for a deadline on PPI claims, and their wishes seem to have taken a step closer. The Financial Conduct Authority (FCA), who regulate the banking sector, have held PPI deadline discussions, and whilst there is no official announcement yet, […]
Co-operative PBA bill increases The much troubled Co-operative Bank has always attempted to set itself apart from the rest by being the bank with morals. Whilst claiming to have a strict policy in not placing investments with, or offering banking facilities to companies it deems to be harmful or against it’s ethos, it doesn’t appear […]