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PPI Claim News - 15/1/2010

PPI refunds: Investment bank unveils bonus pot

US bank JPMorgan Chase has announced that it intends to pay out millions of pounds in bonuses to its employees after posting profits of $11.7 billion (£7.19 billion).

Pay, including bonuses and salaries, has increased at the firm by 18 per cent to 26.9 billion US dollars (£16.5 billion) even though it cut its workforce.

Banks have benefited from low interest rates in the wake of the global financial crisis, with JPMorgan Chase's profits having jumped to more than double what it made last year.

This week, US president Barack Obama announced a new tax on bank profits which will attempt to claw back some of the $250 billion which the government has spent in saving banks from collapsing.

JPMorgan Chase is one of the oldest and largest financial services firms in the world, having been originally founded in 1799, and swallowed up rival Bear Stearns during the global financial crisis of 2008. It has over 15,000 employees in the UK.

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-19560756-ADNFCR

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