Property News · April 11, 2016

Misconduct 'has cost UK's banks £53bn over 15 years'


Research shows that costs of PPI scandal alone have reached £37bn, four times the bill for the London OlympicsPersistent misconduct and an aggressive sales culture has cost the UK’s banks and building societies £53bn in fines, compensation and legal fees over the past 15 years.According to research published on Monday the cost of the payment protection insurance (PPI) misselling scandal has reached £37.3bn – about four times the cost of the 2012 London Olympics. Continue reading…

Source : theguardian.com
Read more…Misconduct ‘has cost UK’s banks £53bn over 15 years’

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