HSBC ( LON:HSBA ) has increased its provisions for payment protection insurance (PPI) claims, following in the footsteps of Lloyds ( LON:LLOY ), Barclays ( LON:BARC ) and RBS ( LON:RBS ). The global bank has now set aside £750 million after making a £290 million provision in the first quarter against claims. Chief executive Stuart Gulliver criticised PPI claims management companies, saying they were creating an "administrative hassle" by putting in fake claims and delaying compensation to genuine victims. He also revealed British banks have contingency plans in place in the event of the a break-up of the euro zone.