Is Britain on the Cusp of Another Multibillion-Pound Consumer Finance Scandal? April 2, 2025 By Sinead Cruise The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain’s...
UK Supreme Court Starts Motor Finance Case With Billions on the Line April 1, 2025 By Jonathan Browning and Adelaide Changole A fight over UK motor finance and whether lenders should be on the hook for billions of pounds in compensation...
RBS Loses UK Appeal Over ‘Unfair’ Commissions on Payment Protection Insurance October 5, 2023 Royal Bank of Scotland (RBS) on Wednesday lost an appeal over unfair commissions that were charged to customers who were...
UK Banks’ Payment Protection Insurance Scandal Is Getting Costlier September 4, 2019 By Viren Vaghela and Harry Wilson Two major U.K. lenders warned that a last-minute rush by compensation-seeking customers will make the most expensive scandal in British...
Schwarzenegger’s UK Ad Campaign Drives Hike in Claims for Mis-Sold Insurance April 19, 2018 Complaints about financial services firms rose by 13 percent in the second half of last year, driven by an increase...
Schwarzenegger Is Back – in UK Awareness Campaign About Mis-Sold Insurance April 4, 2018 By Stefania Spezzati U.K. banks may face more claims for wrongly sold insurance as the country’s markets cop steps up an informational campaign...
Schwarzenegger to Raise Awareness of UK’s Payment Protection Insurance Scandal August 29, 2017 By Lawrence White and Huw Jones The animatronic head of actor and former California Governor Arnold Schwarzenegger mounted on tank tracks urges consumers to “make a...
Lloyds Banking Group Braces for Additional $1.6 Billion PPI Charge October 23, 2015 By Richard Partington Lloyds Banking Group Plc will probably take a further £1 billion ($1.6 billion) charge for wrongly sold loan insurance in...
Lloyds Bank Shares Fall as More PPI Mis-Selling Payments Announced February 3, 2014 By Ambereen Choudhury and Gavin Finch
Barclays Sets Aside another $1.58 Billion for Mis-Selling PPI Insurance February 5, 2013 By Steve Slater Barclays set aside another £1 billion ($1.58 billion) to compensate customers for mis-selling products, dropping another British banking bombshell as...