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Majority 'still to claim' over PPI mis-selling

Some 27bn compensation has been paid, now the clock is ticking for those still eligible to claim.

Barclays provides an extra 700m to meet claims for the mis-selling of payment protection insurance.

The bank reports half-year profits of 2.5bn and sets aside another 700m for PPI claims.

Fresh complaints about the mis-selling of payment protection insurance continue to dominate the workload of the Financial Ombudsman Service.

Lloyds sets aside a further 1bn to pay compensation for mis-sold payment protection insurance.

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