A source close to
The development means that banks will almost certainly face historic PPI-related claims lasting for several more years.
Lloyds said last week that the current pace of claims meant that it anticipated receiving a further 550,000 claims from customers.
In total, the big four banks have set aside almost £20bn, with
The aborted talks came almost exactly a year after divisions opened between the big high street lenders during previous discussions on a PPI deadline.
In January last year, the City regulator said it had agreed to talks with the industry about a time limit, but would insist that the banks funded a huge advertising campaign to ensure sufficient awareness of the PPI issue.
The hostility of consumer groups to a deadline appeared to kill any prospect of a deal, and it is unlikely that they would now have been any more enthusiastic about a deal, analysts suggested.
News of the abandoned talks came as Lloyds reported a full-year statutory profitfor the first time since 2010, and confirmed that it would pay bonuses
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