PPI mis-selling almost 'worst' financial scandal, says Which?

The move means HSBC will have set aside £1bn in total and follows an increase by Lloyds last week to £4.3bn. RBS is also expected to set aside more money when it reports its results this Friday, according to the report from Which? entitled PPI compensation fund breaks £10bn barrier. The five biggest banks - HSBC, Royal Bank of Scotland (RBS), Barclays, Lloyds Banking Group and Santander - have to date now put aside a total of £8.8bn to deal with complaints. Which? chief executive Peter Vicary-Smith said: "These latest figures from the banks show that PPI is now on course to become ...