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 […]
Barclays PPI compensation bill up £600m First up in the season of quarterly bank reporting is Barclays. Once upon a time these points throughout the year was an opportunity to strut their peacock feathers, and shout from the rooftops just how much profit they’d made, thus enticing more and more shareholders. Whilst there is still […]
Lloyds PPI compensation bill set for increase As we head towards the season in which banks and lenders announce their quarterly targets, we expect the PPI bill to increase further. The biggest culprit in the PPI mis-selling scandal is the Lloyds Banking Group, incorporating Lloyds, Halifax, Bank of Scotland and Blackhorse. The Lloyds Banking Group’s […]
Northern Rock PPI bill rises by £33m Northern Rock, there’s a blast from the past! A lot of us will remember the huge queues outside Northern Rock branches some 8 years ago, just as the financial crisis was beginning to become apparent. The failure of Northern Rock eventually saw it taken over by Virgin Money, […]
Lloyds receive biggest PPI fine ever Yesterday we brought you news of rumours emanating from the Financial Conduct Authority (FCA) that were suggesting the Lloyds Banking Group were about to be fined £100m for their mis-handling of PPI complaints. Today we learn that the exact figure of the fine is £117,430,600 !!! The initial fine was […]