Natwest GBP125m Compensation
Published / Last Updated on 02/08/2012
Natwest £125m Compensation.
The major high street banking group the Royal Bank of Scotland (RBS) has kept £125m back for compensation payments to customers after a computer systems meltdown at the bank.
RBS, NatWest and Ulster Bank customers all faced problems after a catastrophic meltdown. This figure has been announced as RBS have currently reported nearly £1.5bn losses for the first half of 2012.
On-top of this RBS has also put aside another £135m to compensate customers who has PPI mis-sold to them.
The compensation that RBS and NatWest is paying out to customers for their mistakes is beginning to add up.