The Trader 

Market Outlook: PPI strikes yet again

The Trader

City AM reports that the owner of Clydesdale Bank, the hideously named CYBG, saw negative returns on £145 million in full-year results. This was mainly because it had to set aside £352 million for losses related to PPI claims. Otherwise all areas of business had seen small but steady improvements to volume and profitability. Its shares lost over 16 per cent yesterday to trade at 206.4 pence.

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