This statistic presents the total remediation payments and penalties - such as redress, regulatory and litigation costs - of the five leading banks in the United Kingdom (UK) from 2011 to 2014. In 2012, the total remediation costs that banks faced were highest, amounting to approximately 12.2 billion British pounds.
Total redress, regulatory and litigation costs of leading United Kingdom (UK) banks from 2011 to 2014
(in billion GBP)
Total of costs for Barclays, RBS, Lloyds, HSBC and SCB. According to the source, "more than half that amount related to compensation for mis-sold payment protection insurance and interest rate heding products".
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
KPMG. (April 30, 2015). Total redress, regulatory and litigation costs of leading United Kingdom (UK) banks from 2011 to 2014 (in billion GBP) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/420870/remediation-costs-of-five-leading-banks-united-kingdom/
KPMG. "Total redress, regulatory and litigation costs of leading United Kingdom (UK) banks from 2011 to 2014 (in billion GBP)." Chart. April 30, 2015. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/420870/remediation-costs-of-five-leading-banks-united-kingdom/
KPMG. (2015). Total redress, regulatory and litigation costs of leading United Kingdom (UK) banks from 2011 to 2014 (in billion GBP). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/420870/remediation-costs-of-five-leading-banks-united-kingdom/
KPMG. "Total Redress, Regulatory and Litigation Costs of Leading United Kingdom (Uk) Banks from 2011 to 2014 (in Billion Gbp)." Statista, Statista Inc., 30 Apr 2015, https://www.statista.com/statistics/420870/remediation-costs-of-five-leading-banks-united-kingdom/
KPMG, Total redress, regulatory and litigation costs of leading United Kingdom (UK) banks from 2011 to 2014 (in billion GBP) Statista, https://www.statista.com/statistics/420870/remediation-costs-of-five-leading-banks-united-kingdom/ (last visited November 22, 2024)
Total redress, regulatory and litigation costs of leading United Kingdom (UK) banks from 2011 to 2014 (in billion GBP) [Graph], KPMG, April 30, 2015. [Online]. Available: https://www.statista.com/statistics/420870/remediation-costs-of-five-leading-banks-united-kingdom/