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Williams & Glyn sell off sparks watchdog’s attention

November 7th, 2016 (No Comments)

Royal Bank of Scotland’s (RBS) potential sale of Williams & Glyn to challenger Clydesdale & Yorkshire Bank (CYBG) has sparked the attention of the banking watchdog. RBS was told to divest of Williams & Glyn, and its network of more than 300 branches, by 2017 as part of its £45bn state bailout deal. CYBG revealed […]

Barclays card glitch: Customers charged twice in bank’s latest debit card error

November 6th, 2016 (No Comments)

A customer said that Barlcays had inadvertently taken a £4,000 payment twice! Barclays customers face being charged twice as the high street lender tries to fix a debit card payment glitch. However, by Monday afternoon the bank said the problem had been fixed, and all customers had been refunded. Some customers vented their anger on Twitter […]

Competition watchdog criticised by MPs over bank reform

November 6th, 2016 (No Comments)

Treasury select committee chair accuses Competition and Markets Authority of ‘dropping the catch’ The competition watchdog has been accused of complacency and missing an opportunity to overhaul high street banking, including capping overdraft charges, despite a two-year long investigation. The accusations were levelled at Alasdair Smith, who led the investigation by the Competition and Markets Authority […]

Half a million loans written off after probe into debt collector’s practices

November 6th, 2016 (No Comments)

Half a million people whose payday and car loans were sold to a debt recovery firm will have their loans written off after the financial regulator found failures in the collection process. Motormile Finance UK is paying a total of £154,000 in cash to 2,148 borrowers – equivalent to £69.83 each – and writing off a […]

Liz Truss urged by Bar Council to condemn Brexit ruling backlash

November 5th, 2016 (No Comments)

The Bar Council joins calls for the Government to defend the judiciary’s independence after three judges were heavily criticised. Justice Secretary Liz Truss is being urged to condemn “serious and unjustified attacks on the judiciary” following a High Court ruling over Brexit. The Bar Council has joined calls for the Government to defend the judiciary’s independence after […]

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