It has been revealed that the total sum set aside to pay for Payment Protection Insurance (PPI) compensation has now risen above the £6bn mark. With a sharp rise in the number of complaints being received in the past few … Continue reading
Tag Archives: Missold PPI
New jobs as Barclays react to rising PPI claims
Gallery
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
75 per cent pay cut for Barclays boss
Gallery
There has been much anger by the huge salary received by Barclays chief executive Bob Diamond, mostly due to his part in the Payment Protection Insurance (PPI) scandal. However, it has been revealed that previous long-term incentive plans are set … Continue reading
Bonus Reclaim to Cover PPI Losses
Gallery
It has been revealed that the Financial Services Authority (FSA) has said that banks must reclaim bonus sums if they want to cover the Payment Protection Insurance (PPI) losses. Whilst it was previously announced that the FSA were advising banks … Continue reading
Finance Overhaul: an Important New Year’s Resolution
Gallery
At this time of year, there are plenty of New Year’s resolutions to be made, whether individuals want to get fit, give up smoking or find a new job. An important resolution that can easily be undertaken is to overhaul … Continue reading
Missold PPI of Huge Advantage to Unfortunate Consumers
Gallery
Whilst consumers may first look at their missold Payment Protection Insurance (PPI) with dismay, having been wrongly sold such a product could actually prove beneficial in the long run. However, there is some waiting and a number of requirements in … Continue reading
Banks Will See Hard Times in 2012
Gallery
It has been revealed that financial institutions are expected to note continuing difficulties in 2012, after 2011 saw huge reform and debt in the industry. With many banks suffering from the aftermath of the Payment Protection Insurance (PPI) scandal, Business … Continue reading
Halton Trading Standards Warns of Bogus PPI Callers
Gallery
Halton Trading Standards has warned individuals to be wary of strange Payment Protection Insurance (PPI) claim callers. A bogus caller, claiming to be from the Ministry of Justice, was phoning people asking for money transfers and residents in the UK … Continue reading
