Barclays GBP1Bn PPI Claim Reserve
Published / Last Updated on 08/05/2011
Barclays £1Bn PPI Claim Reserve.
Following news that the British Bankers Association will not appeal against the High Court ruling regarding payment protection insurance (PPI), Barclays has set aside £1bn for compensation payments for its customers.
They have also agreed with the Financial Services Authority to begin to process all on-hold and any new complaints from customers regarding PPI policies.