Another Lloyds fine, so what's the next scandal?

By : Administrator
Published 5th June 2015 |
Read latest comment - 7th June 2015

Seems every month there's a story about Banks getting fined for fiddling one thing or another, or wrong doing.

Now it's a £117m fine for mishandling PPI.

(BBC: Lloyds hit by record £117m fine)

But it's some of the numbers involved I find amazing.

"In total the bank has set aside £12.025bn to refund customers for PPI mis-selling."

£12 Billion!  Apparently the combined bill by the 5 biggest UK banks is £24.4bn!

The sums of money involved beggar belief. You wonder how the banks actually manage to stay afloat.. oh they didn't did they, we bailed them out.... 

I wonder how long this PPI circus will roll on for, and what other revelations we've all got in store over the coming years? We've had the financial collapse of banks selling on mortgage debts, we've had PPI, fiddling the LIBOR interest rate, brokers fiddling the exchange rates, dodgy bonus's.

There can't be anything else to come can there??? 


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn
Comments

lol ,wouldn't surprise me if there was .. In this day and age it gets harder and harder to hide things,like who ever thought there would be a scandal over expenses ,but there was + in this ever increasing world to cut anything all these errors start popping up all over the place 


Thanks,
Andy-C | Pewter World

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