Statistics
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UK banks have set up multi-billion pound provisions to compensate customers who were mis-sold PPI; Lloyds Bank have set aside £3.6bn, HSBC have provisions of £745m, and RBS have estimated they will compensate £950m. Payment Protection Insurance has become the most complained about financial product ever.
Read more about this topic: Payment Protection Insurance
Famous quotes containing the word statistics:
“O for a man who is a man, and, as my neighbor says, has a bone in his back which you cannot pass your hand through! Our statistics are at fault: the population has been returned too large. How many men are there to a square thousand miles in this country? Hardly one.”
—Henry David Thoreau (1817–1862)
“He uses statistics as a drunken man uses lamp-posts—for support rather than illumination.”
—Andrew Lang (1844–1912)
“We already have the statistics for the future: the growth percentages of pollution, overpopulation, desertification. The future is already in place.”
—Günther Grass (b. 1927)