Is it time to abandon cash? Two thirds of Britons believe Britain will be cashless by 2036 according to one YouGov survey. Meanwhile, Sweden is close to becoming entirely cashless already, with notes and coins only accounting for 2% of all transactions made in the country last year. Abandoning cash is touted by many as […]
2019 PPI Deadline Proposed The Financial Conduct Authority (FCA) have today suggested a 2019 PPI deadline following a review of opinion and guidance gathered during a consultation which closed in February of this year. With a 2018 deadline widely expected previously it is our belief that the unpredictable economy may have played a part in […]
Clydesdale PPI charge soars Earlier this week we learnt that the Clydesdale PPI charge was having an additional £450m set aside for it. Clydesdale and its sister bank Yorkshire have been dumped by their parent bank, the National Bank of Australia (NAB), due in no small part to their contribution to the PPI scandal. It […]
Barclays PPI charge up £1.45bn Shares in Barclays were temporarily suspended this morning following a sudden rush of share sales. This followed their latest set of figures announced to the city, which showed a plunge in profits and yet more bad news regarding PPI. An additional £1.45bn was added to the Barclays PPI charge, taking […]
RBS PPI charge increases by £600m It never rains but it certainly does pour for the troubled RBS / Natwest banking giant. An eighth consecutive annual loss has today been reported, including news of a further RBS PPI charge of £600m. This latest addition sees the bank, still majority owned by UK taxpayers, having set […]
Lloyds PBA provision up £837m The Lloyds Banking Group have today announced a further £2.1bn addition to it’s PPI bill. Whilst this is the headline figure, there is a hidden gem when you scratch the surface. The group, who operate bank accounts under the guise of Lloyds, Halifax and Bank of Scotland and have been […]