It seems clear that the financial scandals that have dogged the industry over recent years, have taken their toll on our High Street Banks. A report in theĀ Financial Times, which has analysed the Annual Bank Report of KPMG paints a picture of further tough times ahead for the big name banks.

The ACC, in their response the the Financial Conduct Authority's Consultation Paper CP15/39, were clear that they did not feel that a time-bar on PPI claims was in the best interest of elderly and vulnerable consumers. It made the case clearly to the FCA that they would challenge the imposition of a two year time-bar as they did not feel this was the best for consumers across the UK.