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Found 5 results

  1. "The company, which offers short-term loans to households and businesses, said revenues rose by 67% in the period to £309.3m and it lent £1.2bn - 68% more than in 2011 - in total to more than one million people. The number of borrowers defaulting on their loans rose in 2012, to 7.4% from 6.4% the year before. The payday industry is currently facing a Competition Commission inquiry amid concerns over how it operates." :- http://uk.news.yahoo.com/wonga-confirms-weekly-profit-more-1m-092822996--finance.html#OpU2r4O
  2. Regulator brands mortgage broker a "disgrace" to the financial services industry and hands out record fine. A Birmingham-based mortgage broker has been fined £1m and been banned from working in financial services after mis-selling controversial "sale and rent back" leases to vulnerable customers. The Financial Conduct Authority said Gurpreet Singh Chadda, who traded under the names Red2Black Homes and B&L Homes, had misled vulnerable customers who were already in severe financial difficulties about the nature of his sale and rent back arrangements. Under these deals – which have
  3. Lloyds Banking Group paid 25 of its bankers £1m or more in 2012 as its total bonus payouts hit £365m, according to the BBC. This month Barclays revealed it has 458 employees receiving more than £1m, while HSBC has 204 and Royal Bank of Scotland has 94 staff.Lloyds, which is 39 per cent owned by taxpayers, paid 20 of its bankers between £1m and £2m, while five earned between £2m and £3m. Most bonuses were paid in shares with a £2,000 cap on the maximum cash payment. Lloyds chief executive Antonio Horta-Osorio took home £1.5m in shares as his annual bonus which he will only sell if the Gove
  4. http://www.dailymail.co.uk/money/news/article-2231774/Reward-failure-Britains-disgraced-bankers-set-share-104-MILLION-pension-pot.html
  5. http://www.dailymail.co.uk/news/article-2207197/Taxman-target-1m-home-owners-new-anti-affluence-crackdown-government-widens-net-tax-dodgers.html
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