Category Archives: Banking News

PPI Claim

PPI Claims Still Going Strong Through First Quarter of 2014

Recent figures show that PPI complaints remained reasonably steady through the first quarter of 2014. Though they have lost some steam since the very height of the scandal, they are…

Co-operative

Co-Op Has Worst Year Ever

The Co-operative Group has experienced its worst year since the company began. It is expected to record losses of over £2 billion. Exact figures are set to be announced on…

Barclays bank headquarters in Canary Wharf

Barclays to Compensate Clients for mis-selling

When there has been a tendency to mis-sell a product, often problems later surface for the people who have done the mis-selling. There are many banks in the UK who…

FSA

Bank of England Claims That Banks Are Low on Capital

A new report from the Bank of England has shown that banks throughout the United Kingdom may be facing losses that are not immediately evident on their balance sheets. This…

Free Banking Could Create Additional Problems for Mortgagers

Many people are struggling to meet their mortgage obligations. The banking industry understands that the financial problems experienced in 2008 were largely the result of many failings on the part…

IMF says Spain’s economy still facing major risks

It seems that the Euro is in the news a lot just lately. A few months ago I wrote about Spain, Ireland, Greece, Portugal and Italy all heading for financial…

Credit card customers face higher costs

Well I suppose someone was going to take advantage of the low interest rate to make some more money out of the British public, and yes you guessed it, it…

Wonga sees opportunity for growth in Ireland

Wonga the pay day loan company is branching out, ok some say pay day loans are a life saver, some say it’s a legalised rip off. It doesn’t really matter…

New rules for sales of PPI

Well it has taken long enough, but at last we have some type of regulation governing the sale of the most useless insurance policy ever dreamt of. The banks and…

‘Worse off Wednesday’ starts a year that will cost households,2.3 billion pounds

Well today is Wednesday worse Wednesday, black Wednesday call it what you will. A lot of people will call it by a name which is unprintable, why? Because today’s the…