At the time of writing, the banks are mulling whether to mount an appeal after they lost their judicial review against an FSA ruling on payment protection insurance (PPI).
It is a major blow for the banks with some estimates saying the ruling could lead to a huge £4.5bn bill as they will now have to contact all past PPI customers and invite them to complain if they thought...
Three advisers have their say …
Financial services firms to be levied £378m in 2017/18
Drpped below $1.20 this morning
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Phased approach over 2017