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Santander wins UK appeal over $912 million AXA US PPI ruling
Source: reuters.com
Legal & LitigationBanking & Liquidity
Santander won a London appeal overturning a ruling that would have required it to pay AXA about £677 million ($912 million) over costs related to U.S. payment-protection-insurance mis-selling. The decision removes a substantial potential litigation liability for Santander, while negatively affecting AXA's recovery prospects.
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