UK's top banks set to take £1bn mis-selling hit

Britain's top four banks are reportedly set to take another £1bn (€1.28bn) hit for mis-selling payment protection insurance - bringing the industry total to nearly £8bn (€10.26bn).

Lloyds Banking Group, Barclays, HSBC and Royal Bank of Scotland will all disclose additional charges for the period between April and June in their half-year results.