CYBG Holds £450M For PPI After 340K Requests In August

Law360, London (September 5, 2019, 5:44 PM BST) -- British bank CYBG said Thursday that it has earmarked up to £450 million ($552 million) for unresolved payment protection claims after receiving 340,000 information requests about the controversial cover in the five weeks to the August deadline.

CYBG PLC, a holding company for lenders including Clydesdale and Yorkshire Bank, said that the total number of information requests that it received from customers about payment protection insurance during August were more than it has received in the eight months preceding it. And the group, which also owns Virgin Bank, said that it received 120,000 requests for information and 22,000 complaints in the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!