PPI Blow for the banks

Discussion in 'Current Affairs, News and Analysis' started by beemer007, Apr 20, 2011.

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  1. Apologise if already covered,

    Banks Lose PPI Court case, the BBA are dissappointed

    Banks lose insurance mis-selling court appeal | Reuters

    Is this the final nail in the coffin?
    Will some move to more sympathetic oversea's locations?
    Or was this expected within the City Finance sector?
  2. Except that the BBA will appeal,which could run along for months.Then if they lose that appeal,they will then find a way of passing on the costs to their customers.