In December, redress payments to businesses affected by the interest rate swap mis-selling scandal reached £158.6m, according to Financial Conduct Authority.
Figures showed that Barclays, Lloyds and the Royal Bank of Scotland all surpassed their set targets for making these payments, while HSBC was behind its projection by 1%.
To date, these five banks have set aside about £3bn to meet the cost of compensating customers.
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