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Two major high street banks have to put £1.8bn aside to deal with yet more PPI claims
Thursday 03 Aug 2017 Author: David Stevenson

Just when UK banks thought they’d heard enough about claims over misconduct, two high street stalwarts set aside £1.8bn for legacy misdemeanors.

Lloyds (LLOY) has put the bulk aside to deal with payment protection insurance (PPI) claims at £1.1bn but at least it still made a profit.

Barclays (BARC), which set aside a not inconsiderable £700m for PPI, is back in the red though, sliding into a £1.4bn loss for the first half of 2017.

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