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PPI Claim News - 7/1/2010

PPI Refunds: Bankers warned against 'business as usual'

Bankers have been warned against carrying on with a 'business as usual' attitude by a senior Member of Parliament.

John McFall MP, who chairs the Commons Treasury Select Committee, said many employees in the financial services sector still needed to learn the harsh lessons of the global financial crisis.

He said there is a danger that if excessive risk-taking makes a comeback in the City, this could spur another major financial collapse on the scale on the problems in Autumn 2008 when Lehman Brothers folded and governments had to step in to save many banks.

The veteran MP for West Dunbartonshire told the Scotsman: "They have got to come into the real world.

"For bankers, it is a one-way bet. They win irrespective of what happens. If their company does well, they win handsomely, and if their company goes down, they win handsomely."

Mr McFall has been chairman of the influential Treasury select committee since 2001.

Belmont Thornton can help you make a PPI claimPayment Protection Insurance Claim, or a credit card charges claim. For free PPI Claim advice call 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19545355-ADNFCR

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