News

Figures undermine Osborne's claims that sale presented a profit for taxpayers

Simon Read: Lloyds finally shows common sense by making a PPI climbdown

Lloyds Banking Group finally came to its senses this week and withdraw from the outrageous attempt by banks to avoid paying back victims of their payment protection insurance rip-off. The long-running PPI saga should have ended months ago but the banks have used all sorts of legal shenanigans and delaying tactics to ensure that millions of people owed money have had to wait.

Victory for bank customers as Lloyds concedes £3.2bn defeat

Lloyds Banking Group, Britain's biggest provider of payment protection insurance, is setting aside £3.2bn to settle hundreds of thousands of cases of mis-selling of the heavily criticised policies. In a victory for financial campaigners, the Government-controlled bank hoisted the white flag in the long-running PPI scandal and announced it was pulling out of a court challenge against a regulatory crackdown and would pay out in cases of mis-selling.

Lloyds may pay out £3 billion over PPI claims

Lloyds Banking Group admitted it was facing a bill of more than £3 billion today after conceding defeat in its legal battle over the mis-selling of controversial payment protection insurance (PPI).

Blacks gets new chief and £35m bank boost

The outdoor retailer Blacks Leisure boosted its recovery today byunveiling much-reduced losses and the appointment of a new chief executive. The Northampton-based group, which has 308 stores, also announced that it had secured banking facilities worth £35m for the next 18 months.

Barclays tops FSA rankings for bank complaints

Barclays Bank has become Britain's most complained about finance brand, grabbing the title from Spanish-owned Santander. According to figures issued yesterday by the Financial Services Authority, there were nearly 10,000 complaints a day about finance institutions in the last six months of 2010, with Barclays attracting 276,315 new complaints.

Sit back and watch your ISA nest egg grow

if you have money to squirrel away, why not set up a tax-free cash ISA? Rob Griffin looks at the best deals on offer on the high street

Shock as Boots chief steps down

Health and beauty chain Alliance Boots has announced the shock resignation of boss Andy Hornby after less than two years in the role.

JJB Sports wins CVA vote to stave off its collapse

JJB Sports, the troubled sportswear retailer, lived to fight another day yesterday after creditors approved an insolvency procedure to safeguard its immediate future by shedding up to 89 stores and slashing its rent bill.

JJB unveils £65m funding to turn around ailing chain

JJB cleared another key hurdle in its battle for survival yesterday by unveiling a £65m fund-raising and a three-year working capital facility of £25m, although both are dependent on creditors voting through a critical insolvency procedure next week.

New Lloyds chief shakes up operations

The new boss of taxpayer-backed Lloyds Banking Group stamped his mark on the bank today by unveiling a shake-up of its insurance and retail divisions.

Simon Read: Evidence that proves we have cause for banking complaints

Some figures to chew on. Almost 100,000 people complained about their bank in the second half of last year. That's the equivalent of 534 complaints a day. However, there are 140 million bank accounts open in the UK with billions of transactions going through every year. In other words, according to the British Banker's Association, the number of complaints is small beer.

JJB seeks backing for rescue plan

JJB Sports submitted a final draft of its restructuring plan to its lender, Bank of Scotland, yesterday.

Everything you need to know about tickets for the 2012 Olympics

Ticket application process



The application phase for Olympic Games tickets opens on Tuesday 15 March 2011 and closes at 11.59pm on Tuesday 26 April 2011.

JJB rescue plan could see 50 stores close

Sports retailer JJB is drawing up proposals to close more than 50 stores as part of a plan to save the company.

Lloyds chief 'set for £2m bonus'

The outgoing chief executive of taxpayer-backed Lloyds Banking Group is poised to receive a bonus of around £2 million, it was reported today.

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