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A new scandal that could outstrip compensation already awarded in the Payment Protection Insurance (PPI) mis-selling fiasco could “engulf” UK banks, experts have warned.
Eleven high street banks, including Barclays, Lloyds Banking Group, HSBC, the Royal Bank of Scotland, the Co-operative Bank, Santander UK, and the Yorkshire and Clydesdale banks, have already agreed to compensate firms which were the victims of mis-selling interest rate protection products…
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