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Taxpayers face £2 billion Northern Rock bill

Taxpayers face £2 billion Northern Rock bill

The decision to split the ailing bank Northern Rock into two parts could end up costing the UK taxpayer £2 billion.
Lloyds sets aside more millions for PPI claims

Lloyds sets aside more millions for PPI claims

Lloyds Banking Group has put aside another £375 million to pay Payment Protection Insurance (PPI) claims.
O2 Wallet brings money transfer by text messaging

O2 Wallet brings money transfer by text messaging

Bank customers will now be able to transfer up to £500 simply by sending a text message by using a new app from mobile operator O2.
Barclays adds £300 million to PPI provisions

Barclays adds £300 million to PPI provisions

Barclays has revealed that it has set aside an extra £300 million to compensate customers mis-sold payment protection insurance (PPI).
Co-op/Lloyds deal to collapse?

Co-op/Lloyds deal to collapse?

The Co-op’s intended purchase of 632 branches of Lloyds is rumoured to be on the verge of collapse.
Barclays ‘Pingit’ made available to all

Barclays ‘Pingit’ made available to all

Barclays Pingit, the UK's first person-to-person service for sending and receiving money using mobile phone numbers, is now available to the customers of all UK banks and building societies.
NBNK makes bid for Lloyds branches

NBNK makes bid for Lloyds branches

Banking venture NBNK has confirmed that it has made a new offer to buy 632 branches from Lloyds.
PPI contributes to rise in financial complaints

PPI contributes to rise in financial complaints

Worries over payment protection insurance saw the number of complaints about financial institutions increase significantly in the second half of 2011.
Economy pushing consumers into risky products

Economy pushing consumers into risky products

The challenging economy is pushing some consumers to take risky financial products, the Financial Services Authority (FSA) has said.
Government paid back £2bn by ‘bad’ N.Rock bank

Government paid back £2bn by ‘bad’ N.Rock bank

Northern Rock Asset Management (NRAM) paid back £2 billion of its Government loan last year.


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