Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: Barclays Capital set aside £1.7 billion for bonuses in last six months

Barclays Capital – the investment banking division of Barclays - set aside £1.7 billion for bonuses in the first half of the year, according to figures released this week.

The bank announced profits of £3.9 billion for the first six months of 2010 but has been criticised for the size of the bonus pool available to its 150,000 staff.

Lord Oakeshott, the Lib Dem Treasury spokesman, told the Guardian the contrast between the bankers and their customers couldn't be more different.

"It's back to business and bonuses as usual as if the crash never happened. But businesses and homebuyers in Britain are still struggling for loans on sensible terms," he said.

Last month financial secretary Mark Hoban addressed an annual dinner of the British Bankers' Association and criticised the bonus culture.

He said that the banking system must show the public that they're working in a way that "no longer rewards employees based on short-term performance whilst leaving investors and taxpayers exposed to the long-term risks". 

Posted by Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.ADNFCR-2776-ID-800016419-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 
Town
County
Post Code 
Email 
Circumstances
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 www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, 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