Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI: General Electric set to open online bank

US conglomerate General Electric is expected to open the first online bank in the UK since the credit crunch.

GE Capital, the group's financial arm, will offer a range of savings accounts to attract customers from high-street banks.

It has already launched an online bank in Germany called GE Direkt, and could expand its operations by setting up a UK division within 18 months.

The Financial Services Authority has tightened up online banking regulations following the collapse of the Icelandic banks.

Around 300,000 UK consumers had deposited £4 billion in Icesave accounts before the firm collapsed, with the British government left to compensate customers.

Many companies are also trying to offer more methods of banking, such as telephone, online and branch services.

The online banking sector was created a decade ago with the launch of brands such as Egg, Cahoot and Smile.

Posted by Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt. ADNFCR-2776-ID-800027311-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 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