Banks count PPI costs

The last couple of days RBS, Lloyds and HSBC have announced losses due to PPI pay outs and are setting aside a tremendous amount of money to cover the forecast of future claims. RBS are setting aside £400 milion, Lloyds, £1bn and HSBC £500 million, the total cost to the industry a year ago was estimated at £8bn now they are saying it could raise to £13bn, it has been quote by senior bank officials banks lost site of their core values, they had become complacent and non customer focus and inefficient

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