The FSA fined the bank £4.3m for delays in paying out compensation to 140,000 customers mis-sold payment protection insurance. And Antonio Horta-Osorio immediately came under pressure to waive his payout.
(2 months and 28 days ago)
After Ofgem imposed a £10.5m fine and urged users of the energy company to contact the firm, we answer your questionsThe utility firm SSE has been fined £10.5m for "prolonged and extensive" mis-selling in what is the largest ever penalty imposed on an energy provider. Here we find out what will happen to customers who were mis-sold policies.Am I entitled to compensation from...
(1 month and 14 days ago)
Failing in Lloyds TSB, Lloyds TSB Scotland and Bank of Scotland systems and controls resulted in up to 140,000 customers suffering delays for PPI, which was mis-sold alongside credit cards.
(2 months and 29 days ago)
The Council of Mortgage Lenders (CML) has denied that there has been widespread mortgage mis-selling amid claims that 'tens of thousands' of customers could be entitled to compensation.
(1 month and 15 days ago)
Santander has joined Lloyds in saying some customers made false claims over mis-selling to win compensation.
(3 months ago)
The 48-year-old Scottish businessman was mis-sold PPI on the Barclaycard he took out in 1989 and was satisfied when he was made the original offer of £22,319.
(3 months and 5 days ago)
About 34m PPI policies have been sold since 2001, with almost £14bn so far set aside by the banks and building societies in compensationAs the banks report their end-of-year results, yet more money is being put aside to compensate customers who were mis-sold payment protection insurance (PPI). Lloyds Group and HSBC have both boosted their provisions, with Lloyds adding...
(2 months and 16 days ago)
565 Coutts customers had £816m invested in AIG Enhanced Variable Rate Fund when fund was suspendedSwiss bank UBS has been fined £9.45m and ordered to pay a similar sum in compensation for mis-selling an investment fund that took in more than £6bn from wealthy customers.The Financial Services Authority said it had fined UBS for serious failures relating to the sale of the AIG...
(3 months and 5 days ago)
The bank will be increasing its mis-sold PPI provision to £2.6 billion, while setting aside a further £400million for products mis-sold to small and medium-sized businesses.
(3 months and 9 days ago)
Eric Daniels tells MPs on the banking standards commission that the majority of payment protection insurance products had been sold correctlyThe former boss of Lloyds Banking Group on Thursday has defended the sales of payment protection insurance which has cost the bailed bank £5.3bn in provisions.Eric Daniels, whose tenure at the top of Lloyds ended in February 2011, told...
(3 months and 3 days ago)
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