HSBC Packaged Bank Account bill hits £31m It appears the new scandal following the huge PPI mis-selling saga is officially here following recent announcements by two of the UK’s biggest banks. We’ve been bringing you news and views for some time now regarding the mis-selling of Packaged Bank Accounts that affects at least 1 in […]
HSBC PPI compensation pot at £3bn Following on from recent news over the course of the last week that Barclays and RBS/Natwest had increased their provisions to compensate customers for mis-sold PPI, yesterday saw the turn of HSBC. The £60m addition to the HSBC PPI compensation pot, which also includes HFC and First Direct, sees […]
£257m set aside for RBS Packaged Bank Account bill We’ve long been saying that the next mis-selling scandal will be the mis-sale of Packaged Bank Accounts, PBAs for short, and todays news appears to have confirmed our thoughts. RBS and its sister bank Natwest, in releasing their quarterly figures to the city, have stated that […]
RBS PPI compensation pot receives another £100m Yesterday we brought you news that Barclays had added £150m to it’s compensation fund for the mis-selling of Payment Protection Insurance (PPI). Today it’s the turn of RBS and it’s sister bank Natwest to release its quarterly figures and it comes as no surprise that the much maligned […]
Barclays PPI compensation pot rises Barclays have today confirmed that they are having to set aside more money to compensate customers for the mis-selling of Payment Protection Insurance (PPI). The additional £150m added to the Barclays PPI compensation pot is becoming something of a regular occurrence. In fact the Barclays fund, which includes claims against […]
Clydesdale Bank handed huge fine Today the Financial Conduct Authority (FCA) issued its biggest single fine regarding the huge PPI mis-selling scandal. Far eclipsing the previous biggest fine of £7m, issued to Alliance & Leicester, the whopping £20.7m fine has been handed to Clydesdale Bank, which along with Yorkshire Bank, are owned by National Australia […]