Co-op Bank fined by FSA for PPI complaint delays

THE Co-operative Bank has been fined more than £100,000 by the financial watchdog for failing to handle payment protection insurance (PPI) complaints fairly.

In fining the Manchester-based bank £113,000, the Financial Services Authority said the bank had incorrectly held-off from progressing PPI complaints during a court case brought by the British Bankers Association in 2010, despite being advised not to by the regulator.

The FSA said in a statement: "Co-op put these complaints on hold despite the FSA makin... For the full story register now for free or login below...