mis-sold

The bank also said it would make a $440 million provision toward compensating customers for mis-sold payment-protection insurance.

Business Watch 2011

But even before mis-sold mortgages and reckless bankers triggered arguably the worst global financial crisis in living memory, it had become clear that this group was no longer a fair representation of the world economy.

How the Eurocrisis laid bare world's new economic order 2011

The bank is expected to report a statutory loss of at least £3bn from provision for mis-sold payment protection insurance, but on its preferred measure of profitability, stripping out the cost of integrating HBOS, analysts expect profits of about £1bn.

HSBC expected to shed 30,000 jobs in cost-cutting drive 2011

The announcement came 24 hours after regulators ordered N&P to pay a fine and compensation totalling £52.4m over mis-sold investment products.

Norwich & Peterborough agrees merger with Yorkshire 2011

Lloyds Banking Group reported a £2.44 billion $4.03 billion net loss in the first quarter, compared with a £169 million net profit in the first quarter of 2010, after taking a £3.2 billion provision to cover payouts to customers mis-sold payment protection insurance.

Business Watch 2011

Provisions to compensate customers mis-sold payment protection insurance will also hurt results, particularly at Lloyds and RBS.HSBC, which employs 300,000 globally, reports on Monday, when its new chief executive, Stuart Gulliver, is expected to take the first steps towards broadly admitting the scale of job losses if he is to save $3.5bn £2.14bn within three years.

Bank jobs in peril as global debt crisis pinches profits 2011

The US Federal Housing Finance Agency filed lawsuits against 17 banks on Friday, including HSBC, Barclays and Royal Bank of Scotland, claiming they mis-sold the sub-prime investments.

Item Club warns ringfencing banks will harm growth 2011

Of the remainder, some £5bn is one-off items – such as the near-£1bn provision for mis-sold payment protection insurance, and £2.9bn of restructuring charges and other losses on sovereign debt.

RBS clean-up charges total £38bn 2012

In terms of sectors, banks suffered the brunt of the selling, led lower by Banco Santander, which fell 3.2% after reporting a 38% drop in second-quarter net profit, as the company put aside €620 million to cover potential claims for customers in the U.K. who were mis-sold payment-protection insurance policies.

European Stocks Decline Michele Maatouk 2011

The bank didn't set aside any money relating to mis-sold payment protection insurance, saying it couldn't yet make a reliable estimate pending an appeal on a court judgment two weeks ago.

RBS's Loss Widens Margot Patrick 2011