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UK FSA data shows number of complaints against banks rising

FSA data shows 21% rise in complaints about payment protection insurance. And data from SAS Software indicates more than 90% of the monthly top five losses since September 2009 totalled less than $2 billion

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Aggregate complaints data collected by the UK Financial Services Authority (FSA) shows only a slight increase in overall complaints in the first half of 2011, but this masks a 21% rise in complaints about payment protection insurance (PPI). Other large product categories, such as current accounts and credit cards, saw slight decreases in complaint numbers

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