Profits at Barclays increased dramatically in the last year, although the bank continues to pay out large amounts of payment protection insurance (PPI) compensation.
In its annual statement published today, the bank said that by the end of 2016 it had paid out a cumulative £6.46 billion in compensation to customers who had been mis-sold the product.
Source Moneywise http://ift.tt/2lcaFao
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