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Tag: PPI

Claims still pouring in

Lloyds still burdened by PPI as profits soar

Lloyds Banking Group
Lloyds Banking Group has reported a jump in pre-tax profits but continues to be burdened by the mis-selling of PPI..

Rush of mis-selling complaints

Clydesdale takes £202m profits hit over added PPI claims

Clydesdale £5 note
Clydesdale Bank owner CYBG said it will take a hit to profits after increasing payouts for mis-selling PPI.

PPI still dominates

Bank of Scotland tops complaints table

Bank of Scotland branch
Bank of Scotland drew more complaints than any other bank in the first half of the year...

Ombudsman overturns rejections

Clydesdale worst for rejecting PPI complaints

Clydesdale Bank
Banks are rejecting thousands of legitimate complaints about mis-sold payment protection insurance. In the case of Clydesdale Bank 90% of rejections have been overturned by regulators who have criticised allRead More

Bank shrugs off Brexit

Barclays hit by further £400m PPI charge

Barclays
Barclays profits slumped by 21% over the first half as it posted losses on non-core businesses and booked a further £400 million to compensate customers for mis-sold PPI. The impairmentsRead More

More compensation for customers

Another £500m PPI hit as Lloyds’ clean up continues

Lloyds Banking Group has taken a further £500 million hit to compensate customers mis-sold payment protection insurance READ MORE

More PPI and hedging woes

Clydesdale facing £500m further compensation bill

Clydesdale Bank
Clydesdale Bank is pressing ahead with its flotation plans despite setting aside a further compensation package of up to £500 million for customers mis-sold payment protection insurance and hedging products.Read More

Chief executive to forfeit annual award

Lloyds to slash bonus payments to staff after record £117m PPI fine

Lloyds Banking Group is clawing back £2.65 million in staff bonuses and slashing £30m from this year’s bonus pool after being fined a record £117m over the mis-selling of paymentRead More

More mis-selling payments on the way

Lloyds Bank PPI charge likely to stretch beyond £12 billion

Lloyds Bank
Lloyds Bank is expected to set aside at least £500 million in mis-sold payment protection insurance, taking the total bill  to more than £12 billion. In what is already Britain’sRead More