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Archive for October, 2014

Complaints against Halifax and Bank of Scotland surge by almost a half because of PPI

Mainly driven by complaints about payment protection insurance (PPI) Complaints rose 46 per cent in first half of this year from second half of 2013 There were 265,640 complaints made against HBOS in this period Total of  2.4 million complaints made against financial companies Complaints against Halifax and Bank of Scotland – part of Lloyds

£21 Billion claimed and Billions of ££££ still owed

Lloyds Banking Group has set aside an extra £600 million to cover payment protection insurance mis-selling claims – taking its total PPI bill to over £10 billion. Santander is also setting aside another £65 million, giving it a total bill of £816 million so far. Lloyds says it’s put aside more money due to “higher

Barclays the most complained about Bank in PPI scandal

Barclays bank was the most complained about financial firm in the first half of this year, according to the City watchdog, a rebuke that comes in the same week it was named as the most-fined financial institution in Britain. The bank received just shy of 280,000 complaints in the first six months of 2014, official

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