Bank adds £350m to PPI claims budget to deal with heightened complaints

Yorkshire Bank’s parent, the Clydesdale and Yorkshire Banking Group (CYBG), is to put a further £350m into its PPI claims budget to close final cases and deal with an expected 110,000 complaints before August 2019.

The Board has approved the extra £350m. This includes £88m for the costs required to close-out the final cases investigated as part of the Group's completed remediation programme, £186m for around 110,000 additional customer initiated complaints received before the August 2019 time ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...