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The aftermath of the PPI mis-selling scandal for ppi has created discord between banks and their customers. Customers feel cheated and are beginning to shy away from purchasing mortgage protection insurance. Although many financial authorities have advised their clients to be more wary of purchasing payment protection insurance, they also want to ensure that they [...]

According to a new report from the Ministry of Justice, almost 900 companies have been licensed to act as arbitrators to consumers who have been mis-sold PPI packages. Collectively, these firms are receiving about £2 billion in fees for their services. This is concerning to many Justice officials and the FSA, because all PPI settlements [...]

According to a new report from Barclays, it has lost a total of £300 million from PPI mis-selling lawsuits. This report couldn”t have come at a worse time for Barclays, who had to confront its shareholders the next day over its compensation schemes for its highest ranking employees. According to Barclay”s representatives, about a quarter [...]

According to a new report from Barclays, it has lost a total of £300 million from PPI mis-selling lawsuits. This report couldn’t have come at a worse time for Barclays, who had to confront its shareholders the next day over its compensation schemes for its highest ranking employees. According to Barclay’s representatives, about a quarter [...]

Barclays has taken some measures to appease unrest among its shareholders. The bank has rescinded half of the bonus that Diamond was paid. This was the first time that a bank executive had ever faced a clawback on its fees. However, that decision may not be enough to get the support of the voters, because [...]