Barclays has set aside extra money to cover claims for mis-sold payment protection insurance (PPI).
The financial ombudsman service is taking 1, 500 new claims for payment protection insurance (PPI) compensation every day, figures show.
They exclude costs related to Project Verde, as well as money set aside for possible Payment Protection Insurance (PPI) payouts.
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However, the banking duo did join the BBA in calling for a deadline on payment protection insurance (PPI) compensation claims.
Payment protection insurance was designed to cover loan repayments for policyholders who became ill, had an accident or lost their job.
Like other banks, Barclays was heavily involved in manipulating LIBOR and in the mis-selling of payment protection insurance and interest rate swaps.
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The banks have been hit by scandal, including attempts to rig the Libor interest rate and the mis-selling of payment protection insurance.
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Which? said that more than half of "nuisance" calls were about services such as personal injury or payment protection insurance (PPI) claims.
Claims firms have been blamed for stoking up thousands of bogus claims against banks for the mis-selling of payment protection insurance (PPI).
This was partly as a result of provisions made for compensation to customers who were mis-sold Payment Protection Insurance (PPI) and personal loans.
The cost of mis-selling Payment Protection Insurance, in common with other high street banks, continued to burn a large hole in the accounts.
It wants to ensure they do not become the latest case of widespread mis-selling, following the payment protection insurance (PPI) and overdraft charges sagas.
The financial ombudsman service is taking on 2, 000 new cases a day following payment protection insurance (PPI) complaints, with numbers rising at "unprecedented" rates.
Separately, RBS is having to pay compensation for two mis-selling scandals: mis-selling payment protection insurance, and mis-selling specialist insurance called interest rate swaps to small businesses.
The FSA presided over an era dogged by mis-selling scandals, including that of payment protection insurance (PPI) where people were sold loan protection that they either did not need or could not claim on.
The bank, along with most of the other major UK High Street lenders, has also been found culpable in recent years of mis-selling unnecessary payment protection insurance to mortgage borrowers, and overly complex, over-priced interest rate and currency hedges to small businesses.
The subliminal message from their questioning of key witnesses seems to be that they will recommend some pretty robust measures to clean up British banking - because they are not convinced that enough has been done after scandals over the mis-selling of Payment Protection Insurance (PPI) and interest swaps to address the problem of serious misconduct.
Banks in Britain gave up their legal challenge to claims they had mis-sold payment-protection insurance (covering sickness and unemployment) on credit cards and mortgages, and agreed to pay compensation to customers.
Patients must either accept the insurance company's quick and guaranteed payment, or fight on through debtor-protection laws to get at the doctor's personal assets.
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