Barclays continue to be embroiled in the Payment Protection Insurance (PPI) scandal, and it has now been revealed that the company have had to create 300 new jobs to handle rising complaints. The news comes after it was revealed that … Continue reading
Tag Archives: Barclays
Barclays chief receives payout despite PPI scandal
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It has been revealed that the chief executive of Barclays, Bob Diamond, has been awarded a total pay package of £17.7m despite the huge part that the bank played in the Payment Protection Insurance (PPI) scandal. This has caused Pensions … Continue reading
Barclays most complained about financial institution
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Figures from the Financial Ombudsman Service (FOS) have revealed that Barclays plc is one of the worst banks in the UK for complaints. The FOS deals with complaints made against banks, particularly those in relation to missold Payment Protection Income … Continue reading
Banks Admit Inability to Meet Claim Deadlines
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After it emerged that Barclays had been stretching the missold Payment Protection Insurance (PPI) repayment deadline, it has been revealed that many banks are in the same situation. With a huge number of claims being noted, many financial institutions are … Continue reading
PPI Tax for HSBC, Lloyds, and Barclays Clients
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It has emerged that people making Payment Protection Insurance (PPI) claims with leading banks HSBC, Lloyds, and Barclays will have to pay unexpected tax bills themselves. It was previously announced that, whilst repayments are free from tax, the additional 8 … Continue reading
PPI Claim Periods Stretched for Bank Convenience
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It has emerged that financial institutions have been provided with permission to waive time limits regarding processing Payment Protection Insurance (PPI) claims. The case was highlighted by Brian Hegarty, a miner from County Durham, who experienced a six-month wait from … Continue reading
Barclays Recovers After Payment Protection Insurance Scandal
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It has been revealed that Barclays have made 19 per cent profit, despite being embroiled in the Payment Protection Insurance (PPI) scandal earlier this year. Whilst financial institutions around the country have had a tough ride in recent months, the … Continue reading
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