Banks Face Fresh £5bn PPI Mis-Selling Bill

Britain's biggest banks are drawing up plans to set aside billions of pounds more for payment protection insurance (PPI) mis-selling as the City regulator prepares to introduce a two-year deadline for claims. Sky News has learnt that executives at the major high street lenders are to announce huge new provisions in their annual results over the next few weeks that will take the total cost of the scandal to well over £30bn. Bank bosses are keen to draw a line under the PPI affair, which has