Lloyds Banking Group has suspended its share buyback after a last-minute rush of compensation claims for mis-sold payment protection insurance (PPI), taking its total costs for the scandal to £21.8bn (€24.4bn).

HSBC set aside £236m to settle a probe into foreign exchange market rigging today – taking the bill for the scandal for British banks to more than £1.1bn.

Concerns about a multi-billion pound share issue and more provisions for mis-selling weighed heavily on Barclays today.