Failing the stress test
The results of a ‘stress test’ by the European Banking Authority on ninety European banks were revealed at the end of last week, with eight banks failing the financial health check.
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The results of a ‘stress test’ by the European Banking Authority on ninety European banks were revealed at the end of last week, with eight banks failing the financial health check.
The Financial Ombudsman Service (FOS) dealt with a record number of complaints during the last year, with over half of them relating to payment protection insurance (PPI).
The Banks have lost their judicial review into FSA guidelines for calculating compensation payments on mis-sold Payment Protection Insurance (PPI).
Informed Choice chartered financial planner Nick Bamford was quoted in an article on Citywire Money today, looking at ways to avoid being short changed by your bank.
Informed Choice chartered financial planner Martin Bamford looks at the new report from the Financial Ombudsman Service (FOS) and what it means for financial ‘advice’ from the banks.
Think about Dubai and you probably picture great weather, sandy beaches, luxury hotels and and modern cities. News yesterday that State-owned Dubai World wants to delay repaying its debts for six months had a big impact on global stockmarkets, with the FTSE 100 closing down -3.18%. Has the Dubai bubble finally burst?
It has just been announced that the Supreme Court has ruled in favour of the banks in respect of alleged unfair banking charges. This ruling will disappoint those banking customers who were hoping to reclaim billions in pounds in historic bank charges.
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