HSBC admits a further £290m in PPI costs
Bank HSBC has revealed it has set aside a further $468m (£290m) for payment protection insurance misselling claims in its Q1 accounts (Q1 2011: $440m).
HSBC said: "In the UK, we experienced a significant rise in the volume of claims relating to PPI.
"A further provision of $468m was raised in Q1 2012 compared with a charge of $440m in Q1 2011. $504m
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