Barclays Bankers May Lose £1bn Bonus To PPI Claims Says PPI Claims Company Simple Financial Solutions

Barclays bank is considering a move that will see the bonuses planned for its staff cut to pay the fines and compensation claims for PPI mis-selling, and may even institute a claw back of bonuses already paid, says PPI Claims Company Simple Financial Solutions.

In the wake of Sir John Vickers banking reform report, Barclays Chief Executive Bob Diamond has put forward the idea that some of the large fines for PPI mis-selling could be met by withholding the bonuses of its staff as a type of penance and using the money to meet its PPI mis-selling commitments instead.

In a meeting with the MPs of the Treasury Select Committee, Mr Diamond was taken to task by Committee Chair Andrew Tyrie about PPI mis-selling. In explaining that the staff responsible for the mis-selling had now gone, Mr Diamond added in reference to the PPI fines: “We are taking into account in our businesses that impact in our remuneration.”

Some believe his comments have come following the decision of Lloyds bank to claw back some of the bonus its chief executive, Eric Daniels, received because of the heavy financial toll of £3.2bn the PPI mis-selling scandal  is predicted to have on the lender.

However, Mr Diamond appeared to be losing patience with proceedings when later asked about bankers’ level of pay and remarked that it was ‘disappointing’ to be asked about it again. ‘I was looking forward to a discussion on the Independent Commission on Banking and its report and we’re right on to the same issues as last time, which I do find disappointing,’ he said.

A spokesperson for PPI Claims Company Simple Financial Solutions, said: “It seems that the bankers wish everyone would just shut up and forget about the PPI mis-selling scandal, as if it is water under the bridge, old history, best forgotten. Nobody has forgotten Mr Diamond’s comments earlier this year when he proclaimed the time for‘remorse and apology’ was over. The trouble is, it isn’t and it won’t be. Barclays has been identified as being one of the worst offenders for dragging its heels over settlingPPI claims and until the matter is fully concluded and Barclay’s customers are properly and fairly treated, Mr Diamond will hear a great deal more on the subject.”

“Cutting staff bonuses for poor performance is just the start of the steps Barclays should be taking to get its house in order. A bonus claw back from those senior manager who time and again failed at their jobs and caused this mess would be a good idea and might see Barclays earn a little lost respect back from customers.”

Via EPR Network
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Trees around the House Cut Electricity Bills upto 30%

There’s something about trees that a lot of people don’t know about: Trees can help a household save up to 30 percent of energy consumption, said the US Forest Service Center for Urban Forest Research. It only takes the right placement of the trees to reduce electricity bills, especially during the hot summer. If you have plans of engaging in tree planting in Kansas City, MO, consult a tree service company for advice on what areas around your house are the best location for your trees.

The benefits one gets from trees every day are many. Trees protect us from the sun by providing cooling shade, they block the chilling winter winds, they provide shelter to birds and wildlife, they purify the air, they prevent erosion of the soil, they clean the water, and they provide beauty and grace to homes and communities. For example, in Chicago, the city’s more than 3 million trees reduce air pollution by almost 900 tons annually, or a benefit of $6.4 million every year, said the Forest Service. In Portland, Ore., trees planted near and in front of a house add almost $9,000 to the property’s selling price. Planting trees in strategic places not only conserves energy and reduces electricity bills, it also helps fight global warming.

Before starting on a tree planting in Kansas City, MO, learn these important tips to enjoy the most benefits from your trees:

Deciduous Trees

The best place for deciduous trees is on the east and west sides of your house. Deciduous trees are those that lose their leaves. If they are planted on your house’s west side, they will keep your home cool during summer and allows the sun to warm you house during winter. This results in reduced energy use, says the US Department of Energy. If planted on the west, east and northwest areas of your house, large deciduous trees provides soothing shade from sun’s summer heat, thus reducing the cost of air conditioning by up to 35 percent.

Evergreen Trees

The best area to plant trees is on your house’s northern and north-western sides. After their leaves fall, they allow sun to pour through their branches and warm your house in winter. When tree planting, don’t plant evergreens on your home’s southern side because they will block sunshine in winter. Instead, evergreen conifer windbreaks must be planted on your house’s north and northwest sides as cold winter wind breakers.

Via EPR Network
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