Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Higher bank charges necessary, says ABI

British financial institutions will have to increase their bank charges for loans or else stay "uninvestable", according to a leading expert.

The Association of British Insurers' (ABI) director of investment Robert Hingley told the Financial Times that at present it is tough for banks to generate any equity, which means they will have to increase the amount they charge customers.

In the run up to 2007 investors were happy for banks to generate returns on equity with over-leveraged balance sheets, but this is no longer the case.

What's more, Mr Hingley believes investors are agitated by regulatory uncertainty, which is a big issue in the UK. There are plans in place to ring-fence retail banking behaviour to control risky investment banking through the Vickers Commission reforms.

This does have implications for household budgeting, as it could mean families are spending more on basic banking services, potentially pushing them into debt.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801504442-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