Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 8/1/2010

 
Bank claim: Bankers face Commons grilling over bonuses

The Commons Treasury Select Committee is set to question bank bosses over the level of bonuses received by employees in the financial services sector, the Guardian reports.

Stephen Hester, chief executive of Royal Bank of Scotland (RBS), has been summoned to be grilled by the influential committee.

November's row over bonus payments was sparked when it emerged that RBS was due to pay out billions of pounds in bonuses despite the fact it remains majority-owned by the British taxpayer.

UK Financial Investments, the Treasury body which oversees the government's investment in banks, has the power of veto over bonuses paid out by RBS.

Hester was one of many bank bosses who publicly defended the payment of bonuses by banks.

Also summoned to be questioned by the committee is Eric Daniels, who caused controversy when he commented that his £1 million salary was "relatively modest".

This week, chair of the Treasury Select Committee John McFall made comments critical of bankers, describing them as not existing in the real world. He also warned against "business as usual".

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-19548280-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 B16, 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