Barclays reported a 33% drop in half-year profits to £2.6 billion after it took a £1 billion hit to cover compensation for customers who were mis-sold payment protection insurance.
The UK arm of Santander said today it had set aside more than half a billion pounds to cover the costs of mis-selling payment protection insurance (PPI) to its customers.
A generation of Britons are facing a cash-strapped retirement as they refuse to save more in response to the changing pensions landscape, a report indicated today.
Banks have lifted their unilateral hold on complaints about the mis-selling of payment protection insurance (PPI) following their crushing defeat in the key judicial review.
Some of Britain's biggest banks and financial powerhouses pledged their support to an all party parliamentary group (APPG) on financial education at its launch event last night.
1 February 2011
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