In the faintly surreal early days of 2020, as shops emptied of essential goods, it must be said that Wodehouse’s prognosis came true
Investment product complaints just 2% of total
Pre-tax profits up 158% to £4.24bn
Further £600m allocated for PPI claims
NAO report says regulation harms innovation
Lloyds has announced an interim dividend payment of 0.75p per share in its half year results, but the banking giant said it would also consider special dividends in the future.
Barclays chief executive Antony Jenkins is to leave the bank as the board of directors calls for a change in leadership with a "new set of skills".
Lloyds Banking Group has been hit with a record £117m fine by the Financial Conduct Authority for mishandling of payment protection product complaints.
Royal Bank of Scotland (RBS) has set aside extra cash to cover litigation costs, helping drive it to a loss in the first quarter.
The Financial Conduct Authority (FCA) is planning to gather evidence on current trends in complaints related to payment protection insurance (PPI).