HSBC PPI provision up £88m

Over the last week we have seen the likes of Barclays and the Lloyds Banking Group add a whopping £2 BILLION to the overall PPI compensation pot.

Today it’s the turn of HSBC, and they’ve followed suit with a further £88m being added.

This extra addition takes the HSBC PPI bill, which includes First Direct and HFC, to £3.1bn, and the overall bill to UK banks and lenders to £30.6bn.

Threatening to leave the UK

For some time we’ve been hearing that HSBC chiefs are considering leaving the UK, but why is this?

Plain and simple really, they are not huge fans of the clampdown on the banking sector past wrongdoings.

Diddums!!! Isn’t it about time UK banks get their houses in order, stop trying to fiddle the system and their customers, and concentrate on providing a service, rather than pandering to the all-powerful shareholders.

Will they leave?

London has for some time now been the centre of the banking world.

Whilst that brings positives and negatives for us here in the UK, it is a huge draw for all the banking superpowers.

Moving out of the UK would incur huge administrative and new process costs to HSBC.

Couple that with that fact most bankers are based in the UK, the costs of luring these people oversees away from the world hub, and it becomes clear that these threats are simply a case of toys being tossed out of the pram.

Have you had PPI?

PPI was sold on all forms of credit, such as mortgages, loans, car finance, hire purchase agreements, credit cards and store cards.

Not sure whether you’ve been sold PPI?

Our fast and comprehensive checking systems that have been set up with almost all banks allows us to find out whether you’ve been one of the millions who have had PPI.

Not sure whether you qualify? Check here to see whether you may.

Our average successful customer award is £3,332**!

Want to know how much you may be owed? Why not try our PPI calculator.

Making a HSBC PPI Claim

Option #1: Fill in the ‘Start Your Claim’ form on this page. We’ll send you out a form in the post for you to complete. Once we’ve received the form back in the freepost envelope we provide, we’ll make a start on your HSBC PPI claim.

Option #2: Click the ‘Download Claim Pack’ button. Simply print out the form, complete it and send it back to us. Our address and email address can be found here.

Our experts are on hand to answer any questions you have via telephone, email or our live chat facility.

So….why wait, let’s get started!

HSBC PPI provision up £88m