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* 5,000 PPI complaints coming in each week * Expects PPI complaints to continue for next few years * Struggles to match pay offered to PPI staff by banks * Raises referral fees for banks by 50 pounds per case * Rise in complaints about payday loans, packaged accounts By Matt Scuffham LONDON, Jan 10
Read more* Selling Albertsons, Acme, Jewel-Osco, Shaw's, Star Market * Investor group is led by Cerberus * Cerberus group to bid for 30 percent of Supervalu shares By Olivia Oran and Jessica Wohl Jan 10 (Reuters) - Supervalu Inc, the No. 3 U.S. grocery store operator, struck a deal to sell five of its retail
Read moreBy Chris Francescani NEW YORK, Jan 10 (Reuters) - Investigators searching for the cause of a ferry accident Wednesday morning near Wall Street that injured dozens of people will reportedly look into possible mechanical failure, which was blamed for one of the boat's past docking crashes. The Nationa
Read moreBrunel Residential Mortgage Securitisation No 1 PLC
Read moreJan 10 - Fitch Ratings says that AyT Cedulas Cajas Global, FTA's (AyT CCG or the programme) notes' ratings will not be affected by the introduction of a voluntary early amortisation option. Moreover, no rating impact is expected from the partial replacement of the liquidity reserves for Series VII,
Read moreLONDON, Jan 10 (Reuters) - Britain's Financial Ombudsman Service said it had seen a 45 percent rise in new cases in its current financial year, driven by a surge in complaints about mis-sold loan insurance. The Ombudsman, which deals with cases where banks and their customers cannot agree a settleme
Read moreBy Chris Francescani NEW YORK, Jan 9 (Reuters) - A high-speed commuter ferry carrying hundreds of passengers crashed into a pier near Wall Street during the morning rush hour on Wednesday, injuring 57 people, one critically, authorities said. Passengers who had boarded the 141-foot Seastreak Wall St
Read moreBy Huw Jones LONDON, Jan 9 (Reuters) - The public face of Britain's banks during the financial crisis considered resigning several times over her members' fight against compensating customers mis-sold loan insurance. The British Bankers' Association (BBA) mounted the challenge in 2011 against princi
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UK markets closed significantly higher on Wednesday, up 45 points equal to 11.41bn pounds, with the index closing at its highest level since May 22nd 2008. The gains were led by banking stocks after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of co
Read more"The UK is over its experiment of combining fiscal and monetary austerity," sentenced analysts at Swiss broker UBS this morning. So much so in fact that in their opinion the incoming Bank of England governor's openness to monetary policy innovation may not even need to be tested if, as they expe
Read moreBanks were leading the risers on Wednesday after UBS hiked its targets for the Lloyds, Barclays and RBS, saying 'the UK is over its experiment of combining fiscal and monetary austerity'. The broker revised its price target on Lloyds to 60p (from 50p), for Barclays to 315p (from 255p) and RBS to 410
Read more"The UK is over its experiment of combining fiscal and monetary austerity," sentenced analysts at Swiss broker UBS this morning. So much so in fact that in their opinion the incoming Bank of England governor's openness to monetary policy innovation may not even need to be tested if, as they expe
Read moreIt is often the case that one year's underperformers in the stock market are the next year's best, but no so year-to-date. Thus, the main high street banks' shares are leading gains today after analysts at UBS pulled out their spread sheets this morning and raised their price targets for the main Hi
Read moreBanks lead the UK blue chips higher, providing nearly a third of the FTSE 100 index's 0.4 percent advance, with Lloyds Banking Group a strong performer, up 2.3 percent as traders cite the impact of an upgrade in rating by UBS. The bank ups its stance on the part-state-owned lender to "buy" from "ne
Read more* UK's Osborne urges EU to adopt Liikanen ring-fence proposals * UK already planning to separate retail and investment banking * Germany and France sceptical about ring-fence proposals By David Milliken LONDON, Jan 8 (Reuters) - British finance minister George Osborne urged European Union policymake
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