UK banks mis-selling compensation News

Britain’s Barclays and RBS paid more than 500 staff over 1 million pounds ($1.5 million) in 2012, a year when both were embroiled in rate rigging and mis-selling scandals. Both Barclays and RBS are paying out billions of pounds in …

Royal Bank of Scotland has set aside another £1.1 billion ($1.667 billion) to compensate customers for mis-selling two types of products, and rivals are expected to increase their provisions too in the coming days. UK banks have set aside more …