Banks to pay £26bn for mis-sold PPI
BANKS’ compensation bill for mis-selling payment protection insurance (PPI) is set to hit the £26 billion mark for (more…)
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British banks struggle to put costliest scandal behind them
[LONDON] Britain’s biggest banks are poised to set aside as much as 1.2 billion pounds (US$1.8 billion) more in the (more…)
The $43 billion-dollar bill
Another ruinous tale of sharp practice may be reaching a close FOR years British families have (more…)
(more…)FCA to gather evidence on how the PPI complaints process is working
The Financial Conduct Authority (FCA) is planning to gather evidence on current trends in complaints on Payment Protection Insurance (PPI). (more…)
Santander UK sets aside £45m over investment advice
Santander UK has set aside £45 million to cover redress for investment advice claims. The provision comes as the bank (more…)
Santander UK to set aside an extra £20m for PPI compensation
Santander UK is expected to set aside an additional £20m to cover further claims related to the mis-seling (more…)
(more…)Phoenix Legal Financing Fund I wins both ‘Most Innovative Hedge Fund – Bermuda’ and ‘Legal Financing Hedge Fund of the Year – Bermuda’ at Hedge Fund Awards 2015
The Phoenix Legal Financing Fund I (“PLFF”), managed by Centaur Asset Management (“Centaur Asset”), wins both ‘Most (more…)
(more…)Barclays reviews its PPI provision after claims spike
BARCLAYS Bank is reviewing whether to increase its £4.1 billion provision for payment protection insurance (more…)
(more…)Co-op’s stake in bank slips after £400m call
The Co-operative Group’s grip on its troubled banking division appeared to weaken further last night after a stack (more…)
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