Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 7/1/2010

 
Loan Insurance: Central banks meet to curb risk-taking

The central banks of many countries from across the world are gathering in Switzerland amid concern that the excessive risk-taking which triggered the 2008 financial crisis is making a return among bankers, the Financial Times reports.

An apparent resurgence in risk-taking will be top of the agenda as the Bank for International Settlements (BIS) meets in Basel.

In its invitation, the international organisation cited financial firms are "returning to the aggressive behaviour that prevailed during the pre-crisis period", the newspaper reported.

Some bank bosses will also be in attendance at the meeting, including representatives from BlackRock and Citigroup.

BIS has expressed concern that low interest rates have encouraged excessive risk-taking in banks by making it easy to borrow money easily for speculative investment.

The Bank of England's decision to hold interest rates at 0.5 per cent could potentially encourage this trend further.

This week, chairman of the Commons Treasury Select Committee John McFall MP warned that a return of bankers' risky behaviour could trigger another financial crisis and threaten economic recovery.

For free advice on how to make a PPI ClaimPayment Protection Insurance claim or a credit card charges claim then call Belmont Thornton on 0845 526 0000 or fill in the Quick Claim form to be sent a free PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19545365-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide