Alliance & Leicester has set aside £38m ($55m) to clean up a mis-selling scandal involving payment protection insurance (PPI).
PPI covers borrowers against the risk of missed debt repayments should they fall ill, lose their job or die.
COMPANIES
A&L sets aside £38m for claims
By Adam Jones in London
Published: March 20 2009 17:57 | Last updated: March 20 2009 17:57
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