CYBG PPI

 

CYBG has been including TBL redress in it's PPI provisions.

 

This is evidenced by comparing the PPI provision with those of the other high street banks.

 

 

  PPI provision (bn) assets as at 2018 (bn) PPI provision as % of assets
RBS              5.3               740                 0.72%
Lloyds            19.4               810                 2.40%
HSBC              3.9             1890                 0.21%
Barclays              9.6             1140                 0.84%

CYBG     

             3.12                 43.46                 7.18%

 

 

We need to remind ourselves that the bank was fined £20,678,300 by the FCA on

14 April 2015 for providing false information to the FOS between May 2012 and

June 2013, so providing false information and manipulating data is nothing new.

 

https://www.fca.org.uk/news/press-releases/clydesdale-bank-fined-%C2%A320678300-serious-failings-ppi-complaint-handling

Powered by Website.com