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Property Industry Ireland (PII) claimed the current measures are outdated

Mortgage lending rules need to be amended, PII says

The design and calibration of the mortgage lending rules need to be amended, an organisation representing the property industry here has argued.

Business • 01 Feb 22

Virgin Money UK said its underlying pretax profit dropped to £539m for the 12 months to September 30 from £581m a year ago

Virgin Money UK posts lower annual profit

Virgin Money UK today reported a 7% fall in full-year underlying profit and suspended its dividend for the year, as the lender set aside more money to settle the PPI mis-selling scandal in Britain.

Business • 28 Nov 19

The Financial Conduct Authority plans to introduce a two-year deadline for consumers to claim they were mis-sold policies

Deadline to be imposed in UK for PPI claims

The British financial regulator has said it plans to impose a two-year deadline for customers to claim compensation for mis-sold loan insurance, drawing a line under the UK’s costliest consumer finance scandal.

Business • 02 Oct 15

UK Financial Ombudsman Service expects to settle 250,000 disputes about mis-selling of PPI in the next financial year

UK banks years away from end to mis-selling issue

Britain's banks will be paying out compensation to customers mis-sold loan insurance for years to come, the UK's chief financial ombudsman said.

Business • 06 Jan 15

Lloyds to make savings of £1 billion a year by the end of 2017

Lloyds Banking Group to cut 9,000 jobs

Britain's state-rescued Lloyds Banking Group announced today that it plans to cut 9,000 jobs by the end of 2017 to reduce costs.

Business • 28 Oct 14

There were 278,426 complaints about UK's Barclays in the first half of 2014

Barclays tops UK banking complaints league

Barclays received the most complaints among Britain's banks in the first half of this year, though complaints overall in the sector fell 5%.

Business • 25 Sep 14

UK ombudsman said it received 191,000 new complaints in the first half of the year

Complaints against British banks fall 42%

The number of complaints against British banks fell by nearly 42% in the first half of 2014, the UK's Financial Ombudsman Service said today.

Business • 02 Sep 14

The Co-Operative Bank is set to report full-year losses of up to £1.3 billion for 2013

Britain's Co-Op Bank needs additional £400m

The banking arm of Britain’s Co-Operative Group has revealed a setback to its recovery after admitting it needs to raise another £400 million to cover past issues.

Business • 24 Mar 14

Central Bank publishes its review on PPI policies

€67m refunded by banks over mis-sold PPI policies

Over €67m has been refunded to around 77,000 consumers who were sold Payment Protection Insurance by 11 credit institutions since 2007.

Business • 07 Mar 14

Details of refunds made to PPI customers revealed

Review shows €67m refunded to PPI customers

Over €67m has been refunded to around 77,000 consumers who were sold Payment Protection Insurance by 11 credit institutions since July 2007.

News • 06 Mar 14

Financial Services Ombudsman received just over 3,000 complaints between July and December

Level of complaints to Ombudsman down 35%

The Financial Services Ombudsman has reported a 35% reduction in complaints to his office in the second half of 2013 compared to the first half.

Business • 26 Feb 14

RBS CEO Ross McEwan said that before the crisis began the bank was the biggest in the world

RBS sets aside another £3 billion for claims

Royal Bank of Scotland has set aside more than £3 billion sterling for litigation and compensation claims in the UK and in the US.

Business • 28 Jan 14

Troubled Co-Operative Bank says its capital boosting plan will be materially different to an earlier plan

Hedge funds circling troubled Co-Op Bank

The Co-operative Bank looks set to fall into the hands of US hedge funds and other big institutions after they tore up the embattled lender's £1.5 billion rescue plan.

Business • 21 Oct 13

UK banks urged to boost balance sheets

Britain's banks could be "misleading" investors by failing to face up to their bad debts and not putting enough cash aside to cover mis-selling scandals, the Bank of England warned.

Business • 29 Nov 12