Banks have only themselves to blame for PPI reckoning

  The Guardian 

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Some bankers may have thought that PPI products were justified, but it was a scam What a suitably embarrassing end to Lloyds Banking Group’s misadventure in mis-selling PPI, or payment protection insurance. For the umpteenth time, the bank’s estimate of the cleanup bill has collided with reality and come up short. A rush of claims by punters, ahead of the August deadline, has forced a £1.2bn-£1.8b
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