Banks

HSBC has set aside an additional £353 million to pay for payment protection insurance (PPI) mis-selling claims, the bank announced today.

The RBS Group is putting aside a further £100 million to cover compensation payouts for customers mis-sold payment protection insurance (PPI), it was announced today.

Barclays has set aside an extra £170 million to cover payment protection insurance (PPI) mis-selling claims, the bank has revealed in its financial figures today.

Lloyds Banking Group has put aside a further £900 million provision to cover payment protection insurance (PPI) mis-selling claims.

More than one million current accounts have been switched during the first year of the seven-day current account switching regime, with Halifax so far proving the most popular. But this is still a small number of switches compared to the millions of current account holders out there.

Anyone who still has (N)ISA savings with Intelligent Finance should consider moving their cash elsewhere as its interest rates have today fallen to paltry levels.

Five million NatWest and RBS customers will be automatically moved to new accounts in January paying well below the best buys, making it a key trigger for them to seek out a better deal.

If you've not enough money in your account and a payment bounces, you may be able to avoid the associated fee as more banks are to adopt a 'retry' scheme from September where they'll attempt to process the transaction again later in the day.

If you've got a personal loan with HSBC, you may get a refund of your interest after the bank admitted making a mistake on annual statements.