Taking Stock 

Should investors take heed of bargain bank valuations?

Should investors take heed of bargain bank valuations?

The payment protection insurance (PPI) mis-selling scandal has been one of the most prolific and costly scandals to hit UK banking in recent years, costing the industry more than £50bn in compensation and dragging on for eight years. So while news that the likes of Lloyds Banking (LLOY), Barclays (BARC) and CYBG (CYBG) would have to take additional provisions this year after a spike in claims ahead of the August deadline hit sentiment, at least banks should be able to draw a line under the saga. 

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