Global Banking Profits Fall Due To PPI Payouts
As a result of Payment Protection Insurance (PPI) claims being lodged against the United Kingdom arm of Santander. Europe's largest bank has announced that they will be setting a side, six hundred and twenty million euro's to cover contemporary and expected claims being lodged against Santander UK. The result of this will be a drop in first half profits for the Spanish Banking Giant.
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Tags: Euro, Europe, Finance, Giant, Global Banking, insurance, Insurance Claims, marketing, Payment Protection Insurance, PPI, Profits, Santander, Spanish, United Kingdom
