RBC Royal Bank to refund &#36;9.2 million over banking fee billing errors
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TORONTO (CP) - Royal Bank is refunding about &#36;9.2 million to 152,000 customers who were charged a separate fee for a service that should have been included in their banking package fee. The refunds average about &#36;60 each.
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The Ontario Ministry of Health and Long Term Care should ask for its money back. It hired consultants to identify cost savings in the hospitals.
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Hong Kong - A Hong Kong bank that trashed 83 safety deposit boxes and their valuable contents apologised on Wednesday for the blunder and offered customers a compensation package worth up to 12.
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The private companies that process health claims for Medicare made nearly &#36;20 billion in erroneous or questionable payments last year, an error rate of 9.3 percent, the government said Monday. The performance was a slight improvement over last year.
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Royal Group Technologies Ltd. received aC$312.5 million ($252 million) line of credit after the company ousted its top two executives and brought in board member James Sardo to restore confidence.
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Northern Rock customers complain of difficulty in accessing their money in online accounts.
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SunTrust Banks Inc. will restate its earnings for the first two quarters of the year after discovering errors in how it sets aside money to cover problem loans.
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Don't assume that your complicated medical bill is correct. Errors on bills for doctors, medical tests or hospitals can result in overcharges that run from a few dollars to tens of thousands of dollars.
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The NHS has been hit by a Â£180m compensation bill for incorrectly charging patients for nursing care.
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The makers of a bone marrow cancer drug should refund its cost if it does not work, a watchdog says.
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UBS agreed to the payments to resolve accusations it steered inappropriate customers into fee-based accounts, the state Attorney Generalâs office said.
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The New York Stock Exchange on Wednesday imposed a &#36;19 million fine on investment bank Morgan Stanley , the largest ever meted out by the exchange, for various regulatory and supervisory lapses.
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The Royal Bank of Scotland (RBS) reports a pre-tax profit of Â£9.2bn for 2006 - 11% up on the previous year.
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The nation's third-largest operator of kidney-dialysis clinics has agreed to pay the government &#36;350 million to settle allegations it defrauded Medicare.
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A Belfast car dealership which charged a customer for work it failed to carry out is fined Â£2,000.
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The credit card issuer took a $391 million charge because of its struggling card business in Great Britain and reported a net loss of $84.1 million.
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The bank was hurt by a spike in consumer credit costs and the poor performance of an investment banking unit.