Bank pays out £1.6bn in PPI claims

Barclays has dealt with more than one million claims for mis-sold payment protection insurance (PPI) - but just four in 10 of them were upheld, its report says.

The banking giant said that £1.6 billion of the £2.6 billion it has put aside to compensate customers for mis-sold policies has been paid out, including goodwill payments.
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