PPI Tops FOS Complaints List For those of you that don’t know, the FOS or the Financial Ombudsman Service is a service that was established in 2001 as a result of the Financial Services and Markets Act 2000. The aim of the service was to help settle disputes between consumers and UK businesses that provided […]
Current Account Switches Up 22% Bank accounts; almost everyone has one. They’re almost a staple requirement in everyday life with people needing them so that they can get paid from their job, to make direct debit payments and so the list goes on. Well, after the launch of a new switching initiative last year, over […]
The History & Scandals of the Royal Bank of Scotland Originally referred to as the “New Bank” but in 1727 became known as the Royal Bank of Scotland and in May 1728, the Royal Bank of Scotland invented the overdraft which is still considered to be an innovation in modern banking. The bank opened its […]
Lloyds PPI Claims: The Story So Far Lloyds Banking Group is a major British financial institution which was formed through the acquisition of HBOS by Lloyds TSB in 2009. HBOS is the holding company for Bank of Scotland plc which operates both the Bank of Scotland and Halifax brands in the UK as well as […]
Welcome Finance PPI Claims: The Story so Far Cattles plc is the parent company of Welcome Financial Services Limited. It was founded by Joseph Cattle in Hull in 1927 and they were listed on the London Stock Exchange in 1963. During the 1960s and 70s they bought up other home collected credit companies to establish […]
Tesco PPI Claims & Tesco Bank: The Story Tesco bank was founded in 1997 in a joint venture with The Royal Bank of Scotland. The RBS shares were later purchased by Tesco so now it is a wholly owned subsidiary which operates under its own banking license. They offer a wide range of insurance and […]