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  • Posts Tagged ‘Financial Ombudsman Service’

    Financial Ombudsman increases award limit to £350,000

    Posted on March 28th, 2019 by Sophia Hanif

    From 1 April 2019, the Financial Ombudsman Service (FOS) can make awards against regulated firms of up to £350,000, which represents an increase of 133%. The following award limits will apply: £350,000 for complaints about acts or omissions by firms which […]

    APPG on Fair Business Banking: Improve SMEs access to justice and establish a Financial Services Tribunal

    Posted on July 12th, 2018 by Jaron Dosanjh

    The APPG on Fair Business Banking launched their highly anticipated dispute resolution report on 11 July 2018.  The report, authored by Kevin Hollinrake MP and undertaken by the Centre for Policy Studies, sets out the position of the APPG on […]

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    “Banks, Frauds and Accomplices”: Police and Crime Commissioner rebukes Lloyds & large-scale UK banking fraud beyond HBOS scandal

    Posted on July 10th, 2018 by Jaron Dosanjh

    New City Agenda Event, Tuesday 10th July 2018, Committee Room 14, House of Commons A well-attended New City Agenda event heard from Anthony Stansfeld, the Thames Valley Police and Crime Commissioner, on the HBOS banking fraud and the lessons from this […]

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    LEXLAW Submits Evidence to the Treasury Committee’s SME Finance Inquiry

    Posted on June 15th, 2018 by Jaron Dosanjh

    We have today submitted evidence on the ineffectiveness of existing arrangements for dispute arbitration and settlement between SMEs and banks to the Treasury Committee‘s SME Finance Inquiry.    Re: Submissions to the Treasury Select Committee’s SME Finance Inquiry in relation […]

    RBS to Expand GRG Redress Scheme: Independent Oversight for Consequential Loss Compensation Appeals Process

    Posted on May 24th, 2018 by Jaron Dosanjh

    The Royal Bank of Scotland (RBS) has recently announced that it will expand its redress scheme to include appeals with independent third- party oversight for consequential losses incurred by businesses in its Global Restructuring Group (GRG) turnaround division. RBS’s Chief […]

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    HM Parliament Condemns RBS GRG’s Parasitic Treatment of SMEs

    Posted on January 26th, 2018 by Jaron Dosanjh

    On 18 January 2018, a Parliamentary backbench motion on RBS’s Global Restructuring Group’s (GRG) systemic failure to protect SMEs has received unanimous Ministerial support in condemning the bank’s parasitic relationship and systematic asset stripping of the British business sector. The debate […]

    FCA expresses “Serious Concerns” over Complex and Highly Risky Contracts For Difference (CFD) Products Mis-sold to Retail Investors

    Posted on January 18th, 2018 by Jaron Dosanjh

    The FCA, following a year-long review, have published a “Dear CEO” letter addressed to firms providing and distributing products in the CFD market to amateur investors. The FCA used strong language to criticise firms for employing “poor practices” in promoting […]

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    High Court Litigation – Metro Bank Plc

    Posted on March 20th, 2017 by Jenny Julian

    Our team of bank litigators can assist on litigation claims or high value Financial Ombudsman Service complaints against Metro Bank Plc. We have brought very high value claims against every major bank in the UK and are currently acting against Metro […]

    The Times: Lawyers launch petition for financial mis-selling tribunal

    Posted on December 19th, 2016 by Jenny Julian

    The Times Brief reports that we have launched an online petition in an attempt to apply public pressure on banks to settle compensation claims for financial product mis-selling. The petition launched on Friday calls on the government to create a […]

    GRG WestRegister took 80% Equity in Bowlplex – Cost Owners £50m; while RBS Profited £9m

    Posted on December 4th, 2016 by Jenny Julian

    RBS has been accused of deliberately destroying small businesses In the past five years, LexLaw has issued more High Court litigation over bank misconduct than all other law firms in the UK By VICKI OWEN FOR THE MAIL ON SUNDAY […]