Barclays Forced to Apologise for CMA Breach

Posted by & filed under Banks, Barclays PPI Claim, Financial Regulators, PPI, PPI Scandal.

Barclays Bank has been forced to compose an apology letter to nearly 10,000 PPI customers for missing annual statements and breaching a CMA order. Apology letters, sent to all affected customers, detailed the errors and offered to refund all payment protection insurance premiums plus 8% interest since the date of the first missed statement, to… Read more »

Pressure on UK Banks Increasing

Posted by & filed under Banks, Financial Regulators, PPI.

According to a recent study high-street banks are coming under increased pressure as profits are slumping by a massive 40%. The advisory body KPMG recently released its annual report, and has outlined that a combination of factors such as: mis-selling costs, changing regulations, low interest and the rising uneasiness over the EU referendum are apparently… Read more »