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BRIEF-Barclays wants time limit on PPI compensation
February 5, 2013 / 12:11 PM / 5 years ago

BRIEF-Barclays wants time limit on PPI compensation

LONDON, Feb 5 (Reuters) - Barclays PLC : * CEO says difficult to be definitive on final ppi bill * CEO says in talks about imposing time limit on ppi, has to be done in way

that’s good for customers * CEO says having a hard stop that is advertised will encourage customers to

complain directly, not use cmcs * CEO says wants a timeframe set for ppi compensation * CEO says bank has around 3,500 customers affected by interest rate swaps

mis-selling * CEO says much greater information available on interest swaps than was the

case with ppi mis-selling * CEO says “as confident as can be” that 850 million STG swaps provision will

be adequate

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