Finance Matters

When Finance Matters

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Posts Tagged ‘2010’

Card fraud continues to fall

March 9th, 2011 | Author: Kay Murchie

The UK Cards Association has today revealed that credit and debit card fraud continues to decline. According to the Association, fraud losses on UK credit and debit cards totalled £365.4 million in the 2010 year – a drop of 17% compared with 2009. The figure represented a 10-year low and compares with the record high [...]

Posted in Finance Matters | Tags: 2010, All Financial News, Banking News, chip-and-pin, consumer awareness, credit card, Credit Card News, debit card, efforts, fall, fraud, fraudsters, industry, UK Cards Association | Comments Closed

Barclays chief exec to receive £6.5m bonus

March 7th, 2011 | Author: Kay Murchie

It has been revealed that Bob Diamond, chief executive of Barclays, will be awarded a bonus of £6.5 million for the 2010 year. While the figure is lower than a reported bonus of £9 million, Mr Diamond, who was appointed chief executive earlier this year, is already paid a £250,000 annual salary. The bonus and [...]

Posted in Finance Matters | Tags: 2010, All Financial News, Banking News, Barclays, Bob Diamond, bonus, deferred, lending targets, pay restraints, profits, shares | Comments Closed

Financial complaints rise in second half

February 28th, 2011 | Author: Kay Murchie

The Financial Ombudsman Service (FOS) has today said complaints rose in the second half 2010. According to the FOS, it received 97,237 new complaints between 1 July and 31 December – a rise of 15% compared with the first half of 2010. This list only covers those complaints which required mediation. Lloyds Banking Group, which [...]

Posted in Finance Matters | Tags: 2010, All Financial News, Banking News, complaints, Financial Ombudsman Service, FOS, Lloyds Banking Group, payment protection insurance, PPI, rise, second half | Comments Closed

Lloyds reports first annual profit since bailout

February 25th, 2011 | Author: Kay Murchie

Banking giant Lloyds has today reported it has returned to profit – its first since the bank had to be rescued by the Government at the height of the financial crisis in autumn 2008. Lloyds Banking Group, which is 41% owned by the taxpayer, posted pre-tax profits of £2.2 billion, compared with a £6.3 billion [...]

Posted in Finance Matters | Tags: 2010, All Financial News, bailout, Banking News, Barclays, customer complaints, financial crisis, Lloyds Banking Group, profits, RBS | Comments Closed

Lloyds sees rise in complaints

February 24th, 2011 | Author: Kay Murchie

Lloyds Banking Group, which is 43% owned by the taxpayer, has revealed a rise in customer complaints in the second half of 2010. The banking giant, which runs the Halifax and Bank of Scotland, received 329,761 complaints in the six month period – a 14% rise compared with the same period a year earlier. According [...]

Posted in Finance Matters | Tags: 2010, All Financial News, Banking News, customer complaints, Lloyds Banking Group, payment protection insurance, second half | Comments Closed