Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank claim: RBS 'underperforms'

Investors have been warned away from RBS as the bank "underperforms", which may not surprise those seeking out a bank claim.

RBS reported losses of £1.13bn, which is worse than what it had originally forecast.

Nick Raynor, investment adviser at The Share Centre, said: "There are no signs of RBS leaving the costly government insurance scheme until at least 2012. Without the associated charges to this scheme, net loss would only have been £9m.

"RBS has been our least favourite of the banks for some time now and we continue to list it as a 'sell'."

Mr Raynor added that as RBS is 84 per cent owned by the state, investors are advised to move away from the bank in favour of other establishments.

Although the bank reported losses of £1.13 billion, this figure is much lower than the amount it lost in 2009, which stood at £3.6 billion.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.

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