Banks’ PPI bill set to increase

City A.M. Reporter
BARCLAYS is expected to set aside more money tomorrow to pay compensation to customers who were missold payment protection insurance and interest rate swaps.

The bank will set aside at least another £150m to repay small firms who were missold swaps, taking the total compensation bill for those products to more than £1bn, according to Sky News.

The bank would not comment before its quarterly results which are published tomorrow.