barclays takes extra £700million hit over ppi claims
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Barclays takes extra £700-million hit over PPI claims

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Arab Today, arab today Barclays takes extra £700-million hit over PPI claims

London - AFP

British bank Barclays said Thursday that it will set aside another £700 million ($1.13 billion, 862 million euros) to compensate clients who were mis-sold insurance, taking its total bill to £2.0 billion. "Barclays has experienced higher than previously anticipated levels of Payment Protection Insurance claim volumes since the end of the first half," it said in a statement, adding that adjusted third-quarter pre-tax profits would stand at £1.7 billion.

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