Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News - 29/1/2010

Bank Claim: Report reveals poor standard of Banking

One of the world's largest credit rating agencies has "downgraded" its assessment of British banks.

Standard and Poor's report Banking Industry Country Risk Assessment: United Kingdom, revealed that the UK's prolonged economic difficulties meant they no longer class it as a secure banking system.

In a statement released yesterday, Standard & Poor’s said: "This is due to our view of the country’s weak economic environment".

They also cited "the reputational damage" that has been experienced by the banking industry, and what they "see as the high dependence on state-support programs of a significant proportion of the industry".

Britain's banks used to be held in high regard, matching that of France and Germany.

However the downgrading placed them beneath Belgium in the ranks.

High levels of government and consumer debts are factors which lead Standard and Poor's to believe the UK market was less stable.

Over the past few weeks, pressure on the prime minister has been mounting as the public urge the government to reign in public spending and implement tighter financial regulations.

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges form.ADNFCR-2776-ID-19587410-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 
Post Code 
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 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