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PPI Claim News - 12/1/2010

Loan Refunds: Bonus pot to top £40 billion

Senior bankers may need to brace themselves for further public anger over their bonuses and pay packages, according to a report by the Independent today (January 12th).

Specialist law firm CM Murray predicts that the current bonus round could be worth more than £40 billion for investment bank employees.

Critics have argued that the large profits enjoyed by banks over the past year have only been possible because of taxpayer support, and state-owned Royal Bank of Scotland's (RBS) decision to pay out £1.5 billion of bonuses sparked anger at the end of 2009.

The newspaper says that RBS' controversy rating remains "sky high", which contrasts with Lloyds Banking Group where average bonuses were found to be just £100.

It predicted that the major investment banks would face further public relations issues in 2010 as further details of staff remuneration came out.

This week, the US administration gave a strong hint that it is considering applying a one-off levy on profits in the banking sector.

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-19552961-ADNFCR

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