By Daniel Hunter
According to the Financial Services Authority (FSA) Britain's banks paid out £1.9 billion in compensation for the mis-selling of payment protection insurance (PPI) in 2011.
Payments towards the end of the year pushed that figure up, with December's payments alone reaching £441 million.
The data is supplied to the FSA by 16 firms who deal with virtually all of the PPI cases.
Typically, successful claimants receive more than £2,000 in compensation, although some have received much bigger sums.
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