Clik here to view.
Bonus culture needs to be ‘clamped down’ says EC
The European Commission has called for stringent measures to curb banks’ bonuses, arguing that the bonus figure was difficult to justify. The European parliament has called for bonuses to be capped at...
View ArticleClik here to view.
Delay in Bank’s processing of PPI claims
An investigation by AOL’s lovemoney site has found that some readers have experienced substantial delays in receiving compensation for mis-sold payment protection insurance (PPI). The vast majority of...
View ArticleClik here to view.
PPI replaced by Legal and General
Legal & General has scrapped its payment protection insurance policy for mortgages in favour of offering a short-term income protection product for new clients. The monthly payment level will be...
View ArticleClik here to view.
Bank of Ireland implements cost-saving measures as arrears increase
Ireland’s largest bank has revealed that it has had to lower funding costs and decrease its reliance on expensive state guarantees; as a result of poor trading conditions in the first quarter of 2012....
View ArticleClik here to view.
Lloyds’ increases amount earmarked for PPI compensation
Lloyds has announced that it has added a further £375m to its PPI compensation pot, as pre-tax profits for the bank reached £288m. In 2011 the £3.2bn set aside for PPI compensation contributed to a...
View ArticleClik here to view.
RBS expected to announce increase in PPI pot
The Royal Bank of Scotland (RBS) is expected to increase the amount it has earmarked for payment protection insurance (PPI) compensation. You can claim an average of £2,500 in compensation for mis-sold...
View ArticleClik here to view.
PPI compensation contributes to rise in savings pots
The £2,500 average figure in compensation for mis-sold payment protection insurance (PPI) has helped to boost consumer’s savings by 18% in the first quarter of the year. PPI policies have been mis-sold...
View ArticleClik here to view.
Identifying the mis-selling of PPI
Bank charges are unfortunately something the majority of consumers have to pay on a regular basis. Often these charges are for borrowing credit on an overdraft or credit card or for being late on a...
View ArticleClik here to view.
Nationwide PPI claims reach an all time high
Nationwide Building Society has received a massive increase in the number of complaints regarding mis-sold PPI when compared to their figures from last year. Nationwide has seen its provisions for...
View ArticleClik here to view.
PPI scandal refuses to go away
Recent studies show that Payment Protection Insurance is a problem that many financial institutions are struggling to factor into their everyday working processes. It has recently become evident that...
View Article
