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October 7, 2014 
Daniel Lee HSBC PPI bill increased by £75m HSBC are widely expected to follow the likes of Lloyds, RBS and Barclays by adding to their ever increasing PPI compensation fund. The banks in general seem to be under-estimating the costs of the biggest financial scandal ever to hit the shores of the UK, almost on a quarterly […]
September 18, 2014 Daniel Lee Can I Get Money Back on my Packaged Bank Account? The next cock-up coming from the City is the mis-selling of packaged bank accounts. Some customers may even have packaged bank accounts without even really knowing whether they’re suitable, or indeed if they carry any benefits. What is a Packaged Bank Account? If you pay […]
October 7, 2014 Daniel Lee What Was PPI Sold With? Payment Protection Insurance, or PPI as it’s most commonly referred to, has been systematically mis-sold alongside various other products and has been a handsome earner for banks and lenders for decades as they swindled money from customers by taking advantage of their position of trust. For every ten complaints the […]
October 7, 2014 Daniel Lee Lloyds PPI bill rises by a further £600 million Lloyds Banking Group, which includes the likes of Lloyds, Halifax, Bank of Scotland and Black Horse to name a few, has today issued it’s most recent figures. The bank, part owned by the UK taxpayer following a rescue package by the government, has today revealed that […]
October 7, 2014 Daniel Lee Barclays PPI Bill Rises By A Further £900m Barclays bank has revealed that it is to add a further £900 million to its PPI compensation fund. This news from Barclays follows on from the announcement of half-year adjusted profits of £3.35 billion, a 7% decline on forecasts. This latest addition in PPI provisions takes the […]
July 31, 2014 Daniel Lee PPI Claims Continue to Concern Banks News emerged this week of the increased provisions put aside by banks to cover the PPI claims which are not dwindling as fast as they’d like. In particular, the banking industry is less than pleased at the acceleration in the number of claims which relate to PPI policies sold […]
