Barclays (BCS -0.6%) sets aside a provision of £1B ($1.64B) to compensate customers over the...

|About: Barclays PLC (BCS)|By:, SA News Editor

Barclays (BCS -0.6%) sets aside a provision of £1B ($1.64B) to compensate customers over the mis-selling of payment protection insurance. Lloyd's (LYG) said last week it had put £3.2B aside for the same reason. Analysts believe the episode could cost banks £8B in total.