Bank group reports big underlying profit jump

Undated handout photo issued by Clydesdale Bank of their chief executive David Duffy. The owner of high street lender Clydesdale said it expects to be hit by up to ?500 million of extra provisions for Payment Protection Insurance (PPI) and other mis-selling scandals as it prepares for a stock market flotation later this year.  PRESS ASSOCIATION Photo. Issue date: Monday August 10, 2015. National Australia Bank (NAB) said it will set aside up to ?420 million for potential PPI mis-selling fines and up to ?80 million for any further charges relating to interest rate hedging products sold to small businesses.
The group said these extra costs were driven mainly by hiring more staff to process claims, reviewing older cases, and the volume of new cases. See PA story CITY Clydesdale. Photo credit should read: Clydesdale Bank/PA Wire

NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentio
Undated handout photo issued by Clydesdale Bank of their chief executive David Duffy. The owner of high street lender Clydesdale said it expects to be hit by up to ?500 million of extra provisions for Payment Protection Insurance (PPI) and other mis-selling scandals as it prepares for a stock market flotation later this year. PRESS ASSOCIATION Photo. Issue date: Monday August 10, 2015. National Australia Bank (NAB) said it will set aside up to ?420 million for potential PPI mis-selling fines and up to ?80 million for any further charges relating to interest rate hedging products sold to small businesses. The group said these extra costs were driven mainly by hiring more staff to process claims, reviewing older cases, and the volume of new cases. See PA story CITY Clydesdale. Photo credit should read: Clydesdale Bank/PA Wire NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentio