Egg Banking: PPI, Facts and Figures Egg banking was established in 1998 when it hatched from the Prudential’s banking arm, becoming the first internet bank. They quickly gained more than two million customers as it launched the very first internet bank attracting over £6 billion of deposits in the first 10 months. Within the first […]
Barclays Complaints Highest in 2014 Barclays bank is the most complained about bank of 2014 according to official figures from the Financial Conduct Authority (FCA). This comes in what hasn’t been a great week for the bank as it was revealed that Barclays was the most-fined financial institution in Britain after recently paying a whopping […]
Santander PPI Claims – The Story Santander is a tree of multiple building societies’ and banks that have merged or been bought out over the years. Originally founded in 1857 in the town of Santander, Spain, it’s recent aggressive policy of growth has seen it become a big figure in todays banking world. The danger […]
‘Whistleblowers’ to be encouraged Douglas Flint, HSBC’s chairman, appears to have had a ‘light-bulb’ moment! The boss of one of the most heavily fined banks in the world seems to want his bank to turn over a new leaf. Speaking recently at the Chartered Institute for Securities and Investments (CISI) launch to try and persuade […]
Million switch bank accounts – The good and the bad With the new introduction of a fast-track bank account switching service, allowing customers to switch bank accounts within 7 days, one million have taken advantage of the service and changed banks. Whilst this is good news on the face of things, could the banks be […]
Barclays Could Face Extra £1.2bn in Fines Earlier in the year, we did a piece on Barclays mis-leading their customers and giving an unfair edge to high speed traders and how a lawsuit resulted in a fall in the bank’s “dark pool trading” venue of 79%. It’s come to light that they could be facing […]