Banks 'set to take mis-selling hit'

Press Association
Lloyds Banking Group
Lloyds Banking Group

Britain's top four banks are reportedly set to take another £1 billion hit for mis-selling payment protection insurance - bringing the industry total to nearly £8 billion.

Lloyds Banking Group, Barclays, HSBC and Royal Bank of Scotland will all disclose additional charges for the period between April and June in their half-year results.