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20 Apr

Barclays sets aside extra £700m for PPI claims

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Barclays has set aside an extra £700m for the payment protection insurance mis-selling scandal.

The additional provision for PPI mis-selling takes Barclays’ total bill to £9.1bn and follows the move by Lloyds Banking Group on Thursday to increase its PPI provisions, taking its total to £18.1bn.

Source: https://www.theguardian.com/business/2017/jul/28/barclays-ppi-claims-profit-africa

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