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Monthly Archives: December 2016

Lloyds Completes MBNA Sale

Lloyds, one of the banks responsible for the billion pound mis-sold ppi scandal has announced that it has completed a deal to buy the credit card company MBNA for £1.9 billion. The agreement is expected to be finalized by June […]


PPI To Make Banks Rich Again

PPI To Make Banks Rich Again

According to reports in the media, some of the biggest banks in the United Kingdom could potentially over £23 billion pounds in compensation which has been set aside for consumers wanting to make PPI claims. The banks would get this […]


PPI Claims Predicted To Hit Record Numbers In 2017

PPI Predicted To Hit Record Numbers In 2017

According to the Financial Ombudsman application for ppi claims are set to hit record numbers in 2017. The Financial Ombudsman told reporters that it expects to recieve over 350,000 ppi cases in 2017, which would be an increase from the numbers that […]


PPI Claims Force Barclays To Sell French Division

PPI Claims Force Barclays To Sell French Division

In a sign that the ongoing ppi claims mis-selling scandal is hurting the banks who were responsible for the massive fraud – Barclays has announced that it is to sell of its French retail banking division, in a move that […]


PPI Claims Deadline Delayed

According to unconfirmed reports – the Financial Conduct Authority, which is the government body in charge of the process to compensate the millions of British citizen who were mis-sold PPI, has decided to postpone the announcement slated for June 2017 […]


FCA Selects Ad Agencies For PPI Deadline Adverts

FCA Selects Ad Agencies For PPI Deadline Adverts

According to media reports, the Financial Conduct Authority is pressing ahead with it’s plans to announce a ppi claims deadline in June 2017, by appointing two ad agencies who will creative adverts and exposure to inform people that a deadline […]


PPI Hit RBS Fails Stress Tests

PPI Hit RBS Fails Stress Tests

Edinburgh based RBS bank, who were one of the banks responsible for the massive mis-selling of payment protection insurance has failed all six stress tests, created and held by the Bank Of England, which will mean that the Scottish banking […]