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 […]
Banks targeting sales over service PPI and Packaged Bank Accounts (PBA‘s), words that send a shudder throughout the banking sector. Banks will attempt to convince us that these mis-selling scandals are a thing of the past. However, a recent poll taken by Which? has confirmed banks continue to pressure a target their staff to sell […]
PPI time limit – Our perspective The Financial Conduct Authority (FCA) is to publish a report into the huge PPI mis-selling scandal next month. There are some rumours that after years of bullying and cajoling by UK banks, the FCA will cave and introduce a PPI time limit of when claims can be made. We […]