September 9, 2019 / 3:42 PM / 2 months ago

Barclays increases PPI provisions by up to 1.6 bln stg

LONDON, Sept 9 (Reuters) - Barclays on Monday said it expects to increase its provision for payment protection insurance (PPI) claims by 1.2 billion to 1.6 billion pounds ($1.5 billion to $2 billion).

Banks are setting aside more provisions for PPI following a rush of claims against mis-selling of the insurance ahead of the deadline on Aug. 29. ($1 = 0.8099 pounds) (Reporting by Lawrence White, Editing by Rosalba O’Brien)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below