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1 A dispute resolution scheme for businesses harmed by banking misconduct paid more money to its highest-paid director than it arranged in cumulative financial redress for victims. The Business

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UK s Business Banking Resolution Service to shut down

The Treasury Select Committee, earlier this month, advocated for the BBRS to be replaced with a new independent system.

United kingdomWilliam wraggAndrew griffithMark grimshawLloyds banking groupDanske bankBanco santanderUnited kingdom business banking resolution serviceNatwest groupBusiness banking resolution serviceTreasury select committeeFinancial ombudsman serviceVirgin money unitedFinancial ombudsmanKingdom financeLeasing life

UK Banks £50 Million Complaints Service to Shut After 3 Years

UK Banks £50 Million Complaints Service to Shut After 3 Years
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United kingdomAndrew griffithMark grimshawWilliam wraggLloyds banking group plcVirgin money united kingdom plcNatwest group plcFinancial ombudsman serviceDanske bankTreasury select committeeHoldings plcBusiness banking resolution serviceBarclays plcExecutive officer mark grimshawBanco santanderFinancial ombudsman

Barclays, HSBC, Virgin Money and others spent $63 3 million to help resolve banking complaints for business customers—the project failed

The Business Banking Resolution Service launched in 2021. In three years only 137 cases were solved.

United kingdomWilliam wraggAndrew griffithMark grimshawTreasury select committeeVirgin money united kingdom plcDanske bankLloyds banking group plcNatwest group plcFinancial ombudsman serviceBusiness banking resolution serviceHoldings plcBarclays plcExecutive officerBanco santanderFinancial ombudsman

Barclays, HSBC, Virgin Money and others spent $63 3 million to help resolve banking complaints for business customers

Barclays, HSBC, Virgin Money and others spent $63 3 million to help resolve banking complaints for business customers
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Business banking resolution service

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