The Banking and Strategy Initiative

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Tag Archives: Payment protection insurance

A look at UK bank results: How RBS survives the apocalypse it brings

RBS posted gross profits of GBP 1.3 bln from its insurance on GBP 4 bln in Gross premium even as 2011 revenue fell an expected 13% to GBP 28 bln, … Continue reading

February 23, 2012

European Bank Results Season: Barclays loses 38%, with Barclays Capital still reporting $10 bln

After Payment protection Insurance costs of GBP 1 bln or $1.5 bln, the bank profits for the half year were GBP 300 mln lower at GBP 2.68 bln of which … Continue reading

August 2, 2011

European Bank results season: HSBC, Barclays, SCB and then there were none

Despite Bob Diamond and because it is paying $1.6 billion for mis-selling mortgage insurance (PPI, APS) in its 2011 Q1 to Q4, Barclays is the least likely of these three … Continue reading

May 10, 2011 · 9 Comments

European Bank Results Season: The Bruised BNP makes a profit, RBS continues some bad hooks

Mis-sold prepayment insurance account for 16 million UK policies and accordingly where around 3 million such policies are likely to be proved as mis-sold, just Lloyds and RBS have provisiones … Continue reading

May 10, 2011 · 1 Comment