British Banks Face £1.3 Billion Bill - Presented by: The Aol. On Network

Today's daily digit is 1.3 billion pounds. That's the amount 13 UK banks and credit card insurers could be up for - to compensate consumers who were mis-sold credit card insurance. Barclays, HSBC and RBS are among the banks affected. The Financial Conduct Authority says customers were given misleading information and ended up buying protection they didn't need. Reuters' BreakingViews Economics Editor, Edward Hadas.



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