Barclays has said it will pay out compensation to everyone to whom it sold payment protection insurance and who made a complaint before 20 April. Customers will be reimbursed the total value of all premiums plus 8% interest.
The bank said the move would affect tens of thousands of customers and covered all the complaints put on hold during the judicial review into PPI.


Barclays recently set aside about £1bn ($1.6bn) to cover PPI that it may have mis-sold to its customers.

Although Barclays set a cut-off date of 20 April for automatic reimbursements, it also said that any complaints received since after that date will also be assessed on merit.

Barclays said that customers had waited long enough because of the long-running judicial review into the affair, and this would allow them to clear the backlog quickly and assess new cases more.........Click HERE to read more about this story