INFORMATION

This website uses cookies to store information on your computer. Some of these cookies are essential to make our site work and others help us to improve by giving us some insight into how the site is being used. For further information, see our Privacy Policy. Continuing to use this website is acceptance of these cookies.

Yet more banking scandals

...on serious topics that don't fit anywhere else at present.
Message
Author
Graham R
Posts: 14182
Joined: April 6th, 2011, 10:33 pm

Re: Yet more banking scandals

#41 Postby Graham R » February 11th, 2014, 11:50 pm

Latest post of the previous page:

Dave B wrote:
Graham R wrote:I see that Barclay's profits are down but bonus payments are up.
One commentator said there was more in their bonus pot than they will be giving their shareholders in dividends.

Haven't seen their justifications yet (OK, haven't looked for them either!)



Barclay's justification is that they have to pay competitive salaries or they would lose their best people.
However as profits are down their best people seem not to be doing their best.
So perhaps it's time for a change of personnel.
Relish the privilege of existence

User avatar
Alan H
Posts: 24037
Joined: July 3rd, 2007, 10:26 pm

Re: Yet more banking scandals

#42 Postby Alan H » February 12th, 2014, 8:46 am

+1
Alan Henness

There are three fundamental questions for anyone advocating Brexit:

1. What, precisely, are the significant and tangible benefits of leaving the EU?
2. What damage to the UK and its citizens is an acceptable price to pay for those benefits?
3. Which ruling of the ECJ is most persuasive of the need to leave its jurisdiction?

User avatar
Alan H
Posts: 24037
Joined: July 3rd, 2007, 10:26 pm

Re: Yet more banking scandals

#43 Postby Alan H » February 13th, 2014, 6:33 pm

The banks and insurance companies always kowtow to the regulator, don't they?

Banks Abort PPI Deadline Talks After FCA Snub
Alan Henness

There are three fundamental questions for anyone advocating Brexit:

1. What, precisely, are the significant and tangible benefits of leaving the EU?
2. What damage to the UK and its citizens is an acceptable price to pay for those benefits?
3. Which ruling of the ECJ is most persuasive of the need to leave its jurisdiction?

User avatar
Nick
Posts: 11027
Joined: July 4th, 2007, 10:10 am

Re: Yet more banking scandals

#44 Postby Nick » February 14th, 2014, 5:04 pm

Alan H wrote:The banks and insurance companies always kowtow to the regulator, don't they?

Banks Abort PPI Deadline Talks After FCA Snub

And your point is....?

User avatar
Nick
Posts: 11027
Joined: July 4th, 2007, 10:10 am

Re: Yet more banking scandals

#45 Postby Nick » February 14th, 2014, 5:09 pm

Graham R wrote:Barclay's justification is that they have to pay competitive salaries or they would lose their best people.
However as profits are down their best people seem not to be doing their best.
So perhaps it's time for a change of personnel.

As reported in the press, in the previous year, Barclays lost a chunk of their most productive staff, poached by another bank. That is one reason why profits were down. In what world does it make sense to repeat the same mistake if one wants to be successful?


I continue to be bemused by the anxiety of some posters that the workers should not be rewarded for their skills and efforts, which should instead be reaped by capitalist bastard shareholders... :wink:

User avatar
Alan H
Posts: 24037
Joined: July 3rd, 2007, 10:26 pm

Re: Yet more banking scandals

#46 Postby Alan H » February 14th, 2014, 5:53 pm

Nick wrote:As reported in the press, in the previous year, Barclays lost a chunk of their most productive staff, poached by another bank.
Who were they?

I continue to be bemused by the anxiety of some posters that the workers should not be rewarded for their skills and efforts, which should instead be reaped by capitalist bastard shareholders... :wink:
:laughter:
Alan Henness

There are three fundamental questions for anyone advocating Brexit:

1. What, precisely, are the significant and tangible benefits of leaving the EU?
2. What damage to the UK and its citizens is an acceptable price to pay for those benefits?
3. Which ruling of the ECJ is most persuasive of the need to leave its jurisdiction?

User avatar
Alan H
Posts: 24037
Joined: July 3rd, 2007, 10:26 pm

Re: Yet more banking scandals

#47 Postby Alan H » October 2nd, 2015, 10:17 am

The FCA has today announced it is thinking of introducing a deadline for PPI claims. Which? responded:
Which? executive director, Richard Lloyd, said:

“It’s been clear for years that banks should be working much harder to resolve PPI claims fairly and a time limit must not reward those that have dragged their heels over paying out compensation.

“If a timebar is introduced, the FCA must make sure all banks carry out a complete review of their PPI handling. Efforts must be redoubled to ensure that anyone missold PPI is given fair, speedy compensation so that people get back what they’re rightly owed.”

Background:

​The total amount now set aside by the big five banks alone for PPI compensation is around £2​6.7 billion. This breaks down as follows:

– Lloyds Banking Group has so far set aside £13.4 billion

– Barclays has so far set aside £5.97 billion

– RBS has so far set aside £3.81 billion

– HSBC has so far set aside £2.63 billion

– Santander has so far set aside £846 million

Which? has a free online tool to help people put in their claim for a PPI refund here: http://www.which.co.uk/consumer-rights/ ... s-sold-ppi​​
£30 billion. Staggering.
Alan Henness

There are three fundamental questions for anyone advocating Brexit:

1. What, precisely, are the significant and tangible benefits of leaving the EU?
2. What damage to the UK and its citizens is an acceptable price to pay for those benefits?
3. Which ruling of the ECJ is most persuasive of the need to leave its jurisdiction?

User avatar
Alan H
Posts: 24037
Joined: July 3rd, 2007, 10:26 pm

Re: Yet more banking scandals

#48 Postby Alan H » October 26th, 2016, 6:51 pm

Lloyds sets aside extra £1bn for PPI mis-selling
Lloyds Banking Group has set aside a further £1bn to pay compensation for mis-sold payment protection insurance (PPI).
The extra provision was expected after the deadline for PPI claims was extended to June 2019
...
The extra provision for PPI claims comes on top of the £16bn Lloyds has already set aside to tackle PPI mis-selling. It is the bank worst affected by the PPI mis-selling scandal.
Alan Henness

There are three fundamental questions for anyone advocating Brexit:

1. What, precisely, are the significant and tangible benefits of leaving the EU?
2. What damage to the UK and its citizens is an acceptable price to pay for those benefits?
3. Which ruling of the ECJ is most persuasive of the need to leave its jurisdiction?


Return to “Miscellaneous Discussions...”

Who is online

Users browsing this forum: No registered users and 4 guests