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.