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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



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