UK Banks to Be Broken Up By the Competition Watchdog RBS, HSBC, Barclays and Lloyds could be forced to break up after a finance watchdog’s inquiry. The watchdog has made claims that Britain’s banking sector is characterised by anti-competitiveness and a failure to meet ordinary citizens and small business’ needs. The newly established Competition and […]
Lawsuit Results in Fall for Barclays Dark Pool Trading New York’s Attorney General has accused British bank Barclays of mis-leading its customers and giving an unfair edge to high-speed traders. According to data, it was shown on Monday the volume in Barclays’ “dark pool” electronic trading venue has plummeted by 79% in the week and […]
PPI bill set to rise again by a further £1.5 BILLION It’s envisaged that the banks and lenders caught up in the biggest financial scandal in UK history will have to set aside a further £1.5 BILLION over the next week or two. The biggest banks, Barclays, Lloyds Banking Group, HSBC, Santander and RBS/Natwest are […]
PPI – The Most Frequently Asked Questions Part 2/8 In part two of this series of the most commonly asked questions about PPI we’re going to look at when the mis-selling started, why it was mis-sold on such a colossal scale and whether or not there’s a deadline for you to have made your claim […]
PPI – The Most Frequently Asked Questions Part 1/8 Millions of people in the UK are still to claim the money that they’re owed from mis-sold Payment Protection Insurance (PPI). Thousands of those probably aren’t aware that they’re actually owed any money at all but if you have had a loan, car finance, store card, […]
£20m in Bank Fines to Fund Military Veteran Homes Money that has been raised by fining the banking industry, almost £20 million, will be put toward funding specialist accommodation for military veterans. David Cameron has confirmed that the money will go towards paying for eight projects across the UK. New homes or apartments will be […]