Your English writing platform
Discover LudwigExact(9)
The bank's total provisions have already reached £5.3bn – more than the first estimates for the entire industry.
The credit card lender's total provisions for credit losses jumped 48percentt from a year earlier, to $1.27 billion.
Its PPI bill has topped £12bn, taking the bank's total provisions for such conduct issues to more than £14bn.
Data compiled by the thinkthank New City Agenda shows that this top up for Barclays has pushed the total provisions incurred by the industry to £40.2bn.
Britain's banks, including Barclays and HSBC, have made total provisions worth almost £11 billion to reimburse clients, and analysts say that figure may rise to £15 billion.
The bank said it had set aside an additional 4.2 billion euros to cover risk, bringing total provisions to 7.7 billion euros.
Similar(51)
The government-controlled bank set aside an extra £465m for PPI last week, and its total provision is £3.1bn.
Today, however, commercial shows like The Blue Angel or We Will Rock You (at the Theater des Westens) co-exist with the cutting-edge internationalism of the Schaubühne and the traditional model of total provision at the Deutsches.
On Tuesday Barclays set aside a further £1bn to cover the costs of compensation for mis-selling PPI and interest rate swaps – taking total provision for PPI to £2.6bn and for interest rate swaps to £850m.
HSBC's total provision of $1.6bn in legal charges in the third quarter included $701m for UK customer compensation (of which $589m was for payment protection insurance) and $550m for an agreement with the Federal Housing Finance Authority in the US.
R.B.S. said on Thursday that it had set aside an additional £1.1 billion to compensate clients to which it improperly sold insurance products, bringing the total provision to £2.2 billion.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com