RBS can't estimate total PPI bill

The announcement comes the day after Lloyds said it had made a provision of £3.2bn for PPI claims, double analysts' estimates, leading to a fall in UK bank shares. RBS said it continues to settle claims where it believe the customer has not been treated fairly or has suffered some detriment. "However, a decision on appeal of the court case, led by the BBA, has not yet been made as it relates to important other issues of retrospective regulation," it said. "The uncertainties around the outcome of the PPI action mean that, at this time, the Group is unable reliably to estimate any po...