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Tag: claims

Wonga on brink of collapse after deluge of claims

Wonga on brink of collapse after deluge of claims

Business
Wonga, the payday lender which was once one of Britain's fastest-growing consumer finance companies, is on the brink of collapse this weekend following a deluge of customer compensation claims. Sky News has learnt that the company has lined up Grant Thornton, the professional services firm, to act as administrator if its board decides in the coming weeks that it is unable to avoid becoming insolvent.Sources close to Wonga said that it could appoint Grant Thornton as soon as this week.The fall into administration would underscore Wonga's remarkable decline just five years after it harboured ambitions of pursuing a New York stock market listing that could have valued it more than $ 1bn and turned it into a British technology 'unicorn'.Wonga's decision to explore the appointme...
Microsoft claims win over 'Russian political hackers'

Microsoft claims win over 'Russian political hackers'

Technology
Russian attempts to launch cyber-attacks against US conservative groups have been thwarted, Microsoft says.The software company said Russian hackers had tried to steal data from political organisations, including the International Republican Institute and the Hudson Institute think tanks.But they had been thwarted when its security staff had won control of six net domains mimicking their websites.Microsoft said the Fancy Bear hacking group had been behind the attacks.Domain control"We're concerned that these and other attempts pose security threats to a broadening array of groups connected with both American political parties in the run-up to the 2018 elections," Microsoft said in its blog detailing its work.The thwarted attack w...
Carter Page denies FBI claims he was Russian agent

Carter Page denies FBI claims he was Russian agent

World
One of Donald Trump's ex-foreign policy aides says allegations that he worked with the Russian government during the 2016 US election are "misleading".The FBI believed Carter Page was "collaborating and conspiring with the Russian government" at that time.His alleged relationships with Russian intelligence officials are highlighted in court applications which led to him being put under surveillance.Mr Trump said it appeared that his campaign was illegally spied on.But he provided no evidence to support the claim.The newly released surveillance applications were granted and renewed by several different judges sitting in a court authorised by the Foreign Intelligence Surveillance Act (Fisa).The court, which has the power to authori...
Ex-Bank of America exec claims wrongful termination, defamation and seeks at least $20 million

Ex-Bank of America exec claims wrongful termination, defamation and seeks at least $20 million

Finance
It began as an ordinary night for six Bank of America employees, who were out to celebrate the holidays. In mid-December, the members of the firm’s prime brokerage — a division that caters to hedge funds — had gathered at an intimate Lower East Side lounge called Et Al after leaving the team’s gift-exchange party around the corner. They danced, drank and mingled with the club’s dozens of other patrons. Within weeks, Omeed Malik, the most senior of the bank's employees at the impromptu event, left Bank of America. Soon after, media reports indicated the bank had investigated an accusation of inap...
Banks could have to pay out 'billions' more in PPI claims

Banks could have to pay out 'billions' more in PPI claims

Business
People who were not mis-sold PPI policies may be able to claim billions of pounds more in compensation, following a court ruling in Manchester.Christopher and Joanne Doran were awarded all the sales commission they paid plus interest for a policy, a total of £17,345.They are the first people to have all of their commission payments refunded for a legitimately sold policy.However anyone wanting to make similar claims would have to go to court.The commission is the money paid to firms who sold the policies to consumers on behalf of the insurers.Under the Financial Conduct Authority's existing guidelines, consumers who were sold their policies legitimately may still be entitled to claim back commission which is deemed excessive.This means that policy-h...