Competition in Banking: Essay Series

Our new essay series looks at competition in banking. It features contributions from Anders Bouvin, Alex Chisholm, Tony Greenham, Benny Higgins, Cathy Jamieson, Dominic Lindley, Paul Pester, Alison Robb, Andre Spicer, and Peter Vicary-Smith

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At number 5, we have Yorkshire Bank and Clydesdale, which was fined £21 million for failing to deal with #PPI compl… twitter.com/i/web/status/1…
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At number four in the top ten list of banks PPI provisions is #HSBC. This was one of the first firms to be fined fo… twitter.com/i/web/status/1…
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Only in around half of #PPI sales since 2000 have consumers made a complaint or been contacted by their bank so bil… twitter.com/i/web/status/1…
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At Barclays, PPI “comprised between 32% and 42% of Barclays’ UK retail and business bank pre-tax profit between 200… twitter.com/i/web/status/1…
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Banks received very high levels of commission for selling PPI, with average commission rates between 50% and 80% of… twitter.com/i/web/status/1…