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September 24, 2014 
Daniel Lee Top World Banks Risk Big Fines You should be well aware by now that the banks in this country are consistently finding that they’re being fined for one thing or another. Recently, the majority of the fines have been for Payment Protection Insurance (PPI). That isn’t saying that all of the bank fines have been […]
September 23, 2014 Daniel Lee RBS Gets Ready for Citizens Float You may remember earlier this year, in June Lloyds floated the TSB side of the bank and thus became known as just Lloyds instead of Lloyds TSB. This equated to the bank selling 38.5% of the group at a cost of 260 pence (£2.60) per share. Well, Royal Bank […]
October 23, 2014 Daniel Lee HSBC PPI Claims – The Story HSBC, formally known as The Hong Kong and Shanghai Banking Corporation, was founded on March 3rd in 1865 by a Scotsman called Sir Thomas Sutherland in the British Colony of Hong Kong. It relocated it’s headquarters from Hong Kong to London in 1993 during the period that Hong Kong’s […]
September 22, 2014 Daniel Lee HSBC Pay $550m for Mis-Selling Mortgages HSBC Holdings are set to pay $550m (£335m) in order to resolve a US regulators claim made against them. It is stated that the British bank has made a number of false representations in the sale of mortgage bonds to the federal mortgage companies Fannie Mae and Freddie Mac […]
September 22, 2014 Daniel Lee British Banks among 13 Facing Fraud Claims in US 13 banks are facing allegations of fraud in the US state of Virginia and there are three British banks amongst those. Barclays, HSBC and the bailed out Royal Bank of Scotland are among the 13 and they’re facing a claim of $1.15bn (£700m) in damages in […]
November 4, 2015 Daniel Lee Halifax PPI Claims – The Story In 1853, Halifax previously known as Halifax Building Society was founded, named after a small market town in West Yorkshire, becoming known as ‘Halifax plc’ in 1997 when it became a public limited company. Halifax, in it’s various formats, has historically been the largest supplier of residential mortgages and […]
