More than half of all new cases received by the Financial Ombudsman Service (FOS) in the first half of 2016 were relating to Payment Protection Insurance (PPI).
According to latest figures released by the Ombudsman they received 169,132 new cases, a 3% increase on the previous period, with 91,381 of those relating to... Read more
20 of the world’s biggest banks are set to face a bill totalling £252 billion for fines, legal bills and customer compensation according to research figures.
Penalties for misconduct at the top 20 firms across the globe increased by more than 4% between 2010 and 2015 according to the CCP... Read more
The total amount of compensation paid out by financial firms for mis-sold Payment Protection Insurance (PPI) has reached almost £24.5bn according to the Financial Conduct Authority (FCA).
Figures on redress paid out to customers for mis-sold PPI are updated monthly by the financial regulator and the... Read more
The number of Packaged Bank Account (PBA) complaints being upheld in favour of consumers rose by almost 10% in the first quarter of 2016 according to the latest set of figures from the Financial Ombudsman Service (FOS).
In their statistics report covering April – June the FOS revealed that PBAs are still the second... Read more
Barclays profits fell by almost a quarter in the first half of 2016 as the bank set aside a further £400m in provisions for Payment Protection Insurance claims.