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RBS confirms completion of state loan repayment
03/05/2012
The Royal Bank of Scotland (RBS) will make the final loan repayment to the US and UK governments next week.
FSA fines car supermarket for PPI sales monitoring failings
02/05/2012
The Financial Services Authority (FSA) has fined UK Car Group Limited (UKCG), £91,000 for the failings of its appointed representative, CC Automotive Limited - trading as Carcraft - in respect of the monitoring of payment protection insurance (PPI) sales.
Store closures hit Thorntons' sales
02/05/2012
Chocolate maker Thorntons have reported a decline in sales as the impact of their store closure programme took full effect.
Repeat payments advice remains 'unclear'
01/05/2012
New Consumer Focus research shows that banks’ customer service advisers are unclear of the rules around Continuous Payment Authorities (CPA) and could be giving customers incorrect advice as a result.
Lloyds set aside a further £375m for PPI compensation
30/04/2012
Lloyds Banking Group, upon announcing a pre-tax profit for the first three months of 2012 of £288m, have said they will set aside £375m to settle payment protection insurance (PPI) claims.
Poor banking climate blamed for loss of 1,400 jobs
29/04/2012
The National Bank of Australia (NAB) have announced that they will cut 1,400 jobs at the Clydesdale and Yorkshire bank by 2015.
FSA publishes new rules to ensure pension transfers are suitable for scheme members
26/04/2012
The Financial Services Authority (FSA) has published new rules and guidance, following consultation, to strengthen the protection for members of defined benefit pension schemes who are considering moving their money into personal pensions.
'Encouraging' start to 2012 for Barclays
25/04/2012
Barclays have announced what they call 'encouraging' figures for the opening quarter of 2012.
FSA confirms traded life policy investments should not generally be promoted to UK investors
24/04/2012
The Financial Services Authority (FSA) has confirmed guidance that traded life policy investments (TLPIs) are high risk products that should not be promoted to the vast majority of retail investors in the UK.
Record iPhone sales help double Apple profits
24/04/2012
Apple have announced financial results for its fiscal 2012 second quarter ended March 31, 2012. The company posted quarterly revenue of $39.2 billion and quarterly net profit of $11.6 billion.
