Britain’s Royal Bank of Scotland could have to shell out a further 900 million pounds to settle a final compensation bill for mis-selling payment protection insurance after a last-minute surge in claims from customers. The state-backed bank said on Wednesday it had made an additional provision of 600-900 million pounds, on top of the 5.3 billion pounds ($6.51 billion) already set aside, as Britain’s costliest consumer banking scandal draws to a close. RBS said 4.9 billion pounds of its total provisions has already been utilised.

source https://finance.yahoo.com/news/rbs-makes-fresh-600-900-062509873.html?.tsrc=rss