Analysts estimate financial services industry could now have to repay £33bn - on top of the £20bn paid out over mis-selling
The UK financial services industry could be facing a £33bn compensation bill for failing to disclose commission payments to customers, according to estimates by analysts.
The tally would be greater than the payment protection insurance mis-selling scandal for which the industry has already shelled out more than £20bn and which is expected to rise further on Friday when Lloyds Banking Group is expected to top up its provision by £1bn.
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