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PPI Claim News - 31/12/2009

Credit Card Charges: Icelandic bank 'owes RBS £500m'

The Royal Bank of Scotland Group (RBS) is owed as much as £500 million by an Icelandic bank which folded in the 2008 global financial crisis, it has emerged.

Although a spokesman for RBS has said it stands to lose more than £50 million, it is not clear how much the dispute could cost the firm if Icelandic bank Glidnir is unable to repay its debts.

RBS is rumoured to be one of the failed bank's largest creditors.

Glidnir is controlled by the Icelandic government, while the British taxpayer's stake in RBS is set to increase to 84 per cent as part of the government's asset protection scheme.

Earlier this month, RBS sparked a row when it announced plans to pay out millions of pounds in bonuses despite having been saved by government money in 2008.

If you would like to make a credit card charges claim to get back all your late payment / over limit fees in the last 6 years from Royal Bank of Scotland then fill out the Quick Claim or call Belmont Thornton on 0845 526 0000 .ADNFCR-2776-ID-19535708-ADNFCR

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