It has been revealed that Allied Irish Bank has announced that there are most probable chances that its credit customers will face problems in regard to the payment protection insurance policies.

The bank confirmed the news by saying that they noticed some inconsistencies at the time when they were checking the sales of its payment protection policy.

As per a new report, it has been revealed that a Greek ship owner exported Iranian crude oil to an Indian shipping company despite the Western Sanctions that Iranian crude and petroleum products would not be exported to other nations.

It is being claimed by the Financial Policy Committee that banks have not been building sufficient capital.

As per the report findings, the FPC says that banks have shown improvement in the same by adopting varied methods such as reducing dividends, pay and share buy-backs though. These are still failing to reach an appropriate level.

It has been unveiled through a report recently that two of the board members of Deutsche Bank AG DB -0.20% would have to leave the bank in May along with a third person i. e. Chief Executive Josef Ackermann.

In the coming summer, mortgage loan seeker of the UK would witness a surge in the standard variable rate (SVR). It has been reported that Halifax, Bank of Ireland's UK arm- Bristol and West, Clydesdale and Yorkshire banks would be raising the SVR by 3.5% to 3.99%, 2.99% to 3.99% and 4.59% to 4.95% respectively.

It has been recently revealed that the Royal Bank of Scotland has fired four employees because of their connection with the interest rate manipulation case. The Royal Bank of Scotland group is actually the largest government based lender and this recent probe has definitely proved to be disgrace for the bank.