RBS PPI charge increases by £600m
An eighth consecutive annual loss has today been reported, including news of a further RBS PPI charge of £600m.
This latest addition sees the bank, still majority owned by UK taxpayers, having set aside £5.1bn for their part in the biggest consumer financial scandal ever to hit these shores.
Total UK PPI bill
With UK banks having already set aside £3.65bn, and HSBC still to announce their figures, there is still a chance we could see £5bn added this quarter.
At £35.2bn when taking into account lenders outside ‘the big four’, the current bill has already smashed through the initial £25bn estimation by so called experts, and is edging ever nearer to £42.5bn, the figure we believe the scandal will finally cost the industry.
Millions yet to claim
There are still potentially millions of people yet to stake their claim, with the majority of these people being unaware they were a victim of the abhorrent tactics employed by bank staff in adding PPI without the knowledge of the customer.
The doors are slowly starting to close however, with the toothless Financial Conduct Authority, bowing to pressure from the banks and looking to bring in a deadline.
Have you had PPI?
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Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your PPI claim.
Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.
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