Clydesdale PPI provision up again Back in 1987 when National Australia Bank (NAB) purchased the Clydesdale and Yorkshire bank brands they couldn’t possibly have imagined the trouble and damage these two toxic banks would cause. Little did NAB know of the blatant mis-selling, manipulation and cheating that was happening right under their noses but all […]
New PPI mis-selling scandal With the current PPI bill costing UK banks and lenders £30.6bn and rising, you’d have thought the story couldn’t get any worse for the banks. However, following a recent ruling in the Supreme Court, banks could face a further £33bn in this new PPI mis-selling scandal. In more good news for […]
HSBC PPI provision up £88m Over the last week we have seen the likes of Barclays and the Lloyds Banking Group add a whopping £2 BILLION to the overall PPI compensation pot. Today it’s the turn of HSBC, and they’ve followed suit with a further £88m being added. This extra addition takes the HSBC PPI […]
Lloyds PBA Compensation Fund Gets First Money On Friday we learned that the Lloyds PPI provision was increased to £14.1bn, yet if you look a little closer there was something else that was also interesting to see. Packaged Bank Account (PBA) claims are fast becoming another scandal akin to the PPI mis-selling sage. Whilst most […]
Lloyds PPI provision rockets Early last week I brought you news of rumours emanating from the city suggesting that the Lloyds PPI bill was about to receive a cash injection to the tune of £1bn. News on Friday confirmed this rumour, but that is was somewhat of an under-estimation. Fridays additional £1.4 BILLION sees the […]
Barclays PBA Compensation Fund Receives £250m Earlier today we brought you news of the Barclays PPI bill increasing by £600m. This wasn’t the only big news following the release of Barclays quarterly figures to the city. The much troubled bank has also announced its first amount of money set aside specifically to compensate customers for […]