The Latest from our blog
The Financial Ombudsman Service (FOS) expects to handle a record number of Payment Protection Insurance (PPI) complaints in 2017 according to its plan for the coming year.
In its ‘Plan and budget 2017/18’ report the Ombudsman says it expects to resolve 360,000 PPI complaints in total next year, more than double what it has been... Read more
Royal Bank of Scotland is one of three major UK lenders to have failed the Bank of England’s most recent stress test and must find another £2bn to make it more resilient.
Barclays and Standard Chartered were the other two firms to fall short on the regular measure, implemented by the Bank of England following the... Read more
Major UK banks are still setting aside billions of pounds to compensate customers for mis-sold Payment Protection Insurance (PPI).
Lloyds and Barclays were amongst those to announce further provisions in their third quarter results last month, further denouncing expectations that the mis-selling saga was... Read more