With just months to go before the PPI claims deadline in August, Santander has revealed that it has £246 million remaining in its contingency fund to pay future successful claims.
Spanish-owned bank Santander has announced the closure of 140 of its UK branches, putting 1,270 jobs at risk.
Britain’s financial regulator has fined Santander £32.8 million for failings in its ‘flawed’ probate and bereavement services.
The Treasury are preparing to sell off the remaining Bradford & Bingley mortgages to try to recover the last portion of the £20 billion bailout cost from the financial crash of 2008.
HSBC has become the third High Street bank to set aside millions of pounds more to pay future successful PPI claims.
The world’s largest bank has set aside an extra £228 million in its half year figures bringing the total new provision for PPI mis-selling in just one week to more than £1.6 billion.Read More