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Barclays admits PPI compensation error

Barclays has apologised for giving wrong information to tens of thousands of customers who started compensation claims over payment protection insurance (PPI).

The bank has admitted telling them they did not hold PPI policies when in fact they did.

Barclays said a "very small percentage of customers" who contacted it via claims management firms were affected.

It said it would be "proactively contacting" them to put things right.

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BBC News

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