Barclays is facing a £1.6bn legal bill from an American credit card firm over the mis-selling of a product similar to Payment Protection Insurance (PPI).
CCUK Finance has filed the lawsuit following the purchase of half a million credit agreements from the bank in 2007.
These... Read more
Barclays may still face an increased multi-million pound fine and potential criminal charges after new information forced the Financial Conduct Authority (FCA) to delay a decision on a funding probe.
Lawyers Simmons & Simmons, who are representing the bank, discovered thousands of ‘significant’... Read more
An investigation into the way in which Barclays raised investment from the Middle East during the financial crisis is to be re-opened by the Financial Conduct Authority (FCA).
As a result of a 2013 probe... Read more
Lloyds Banking Group have revealed their total misconduct charges for 2016 amounted to more than £2bn, with half being set aside for further mis-sold Payment Protection Insurance (PPI) compensation.
In the announcement of their annual pre-tax profits Lloyds, the... Read more
Lloyds have ‘potentially harmed customers’ interests’ by committing a ‘serious’ Payment Protection Insurance (PPI) breach according to the Competition and Markets Authority (CMA).
PPI rules dictate that customers should be sent annual statements that allow them to keep track of their premiums, but an error meant that hundreds of Lloyds... Read more