Banking
Banks being warned against b...
The Bank of England has advised banks to bolster their finances by limiting the amount of bonuses this year and Chancellor George Osborne has given a warning that this advice needs to be heeded. With...
BOE Anticipates Requests for...
With the second credit crunch in the last decade threatening an already wavering UK economy, the Financial Policy Committee (FEC) for the Bank of England (BOE) is anticipating an elevated need for tax...
Banks incur more than £550m...
According to the Financial Ombudsman Service (FOS) approximately 90% of mis-sold payment protection insurance (PPI) claims are being honored, with claimants receiving compensation payments worth anywh...
Packaged account sales under...
On the heels of the PPI racket comes another service being offered by building societies and banks in the UK, packaged accounts, which are currently being mis-sold to literally millions of customers....