The UK arm of Santander recently reported that it has set aside more than half a billion pounds to pat back customers to which they have mis-sold Payment Protection Insurance (PPI).
The hit comes after the High Court decided that new rules on the mis-selling of PPI could be applied retrospectively and the British Bankers' Association pulled an appeal against the decision.
Santander was the only major bank not to obstruct consumer claims pending the result of that case. The others have since re-opened cases.
Want to reclaim PPI? Read our information page here.
