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| Name | Symbol | Market | Type |
|---|---|---|---|
| CPP Group PLC (PK) | USOTC:CPGPY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.67 | 0.0031 | 347,255.18 | 0.00 | 14:30:18 |
From Feb 2020 to Feb 2025
Britain's biggest banks face a compensation bill for up to GBP1.5 billion ($2.35 billion) to pay for six years of missold credit card and identity theft insurance, the U.K.'s Daily Telegraph newspaper reported Thursday.
The move follows the Financial Conduct Authority's crackdown on CPPGroup PLC (CPGPY, CPP.LN), an insurer that specializes in ID and credit card theft protection, the newspaper said.
The regulator is on Thursday expected to confirm the details of a nationwide redress scheme for as many as 4 million Britons sold useless cover between 2005 and 2011, The Telegraph wrote.
Barclays PLC (BCS, BARC.LN), Banco Santander SA (SAN, SAN.MC), Royal Bank of Scotland Group PLC (RBS, RBS.LN), HSBC Holdings PLC (HBC, HSBA.LN, 0005.HK) and MBNA are among the banks and financial institutions understood to have agreed to the compensation scheme.
Newspaper website: www.telegraph.co.uk
Write to Dennis Baker at dennis.baker@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year CPP (PK) Chart |
1 Month CPP (PK) Chart |
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