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PPI Claim News - 27/1/2010

PPI Claim: Battle of the bankers

When times are tough we're often told to look after our own, but one group of bankers are defying that unwritten law and have attacked their counterparts.

Bankers at Barclays, Britain's second largest bank, are apparently annoyed and disappointed at other British banks who needed a government bail out to save themselves from collapse.

That is the view of Barclays president Robert Diamond, in a speech delivered today at the World Economic Forum in Davos, as reported by Wall Street Journal.

"The banks who stayed strong are angry at the banks who had poor management," he commented.

In an apparent disproval of president Barrack Obama's proposals to "break-up" banks that are too big to be toppled, Mr Diamond said multinational banks benefit from the guidance of large banks to help them calculate risks and develop.

"I’ve seen no evidence that shrinking banks and making banks smaller or more narrow is the answer," he said.

His comments come after financial analyst Jonathon Pierce claimed Barclays may need to raise £17 billion over the next three years in order to meet new capital requirements.

If you would like to get your payment protection insurance back - PPI Claim from Barclays then fill out the Quick Claim form or call Belmont Thornton on 0845 526 0000 for PPI claim adviceADNFCR-2776-ID-19581904-ADNFCR

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