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)
Characteristic
Remediation costs in billion GBP
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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".
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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 July 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 July 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: July 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 July 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/
