Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: FTSE 100 bank shares drop

Banking stocks on the FTSE 100 were lower on Monday.

This is after the Parliamentary Commission on Banking Standards said that they would like to impose tougher rules.

Among the plans that were discussed were proposals to impose a higher leverage rate, which determines how much capital banks need to have behind them before they can lend. Currently, this is at three per cent internationally but the Commission wants to make this higher for UK banks.

This move is hoped to add protection against a financial crisis in the UK. However, shares will have been affected as a higher leverage rate will make banks less free to lend money.

Shares in Royal Bank of Scotland (RBS) and Barclays have already fallen by 2.5 per cent, while Lloyds Banking Group shares dropped by 1.7 per cent and HSBC shares fell by 0.8 per cent.

Taxpayers own shares in RBS and Lloyds, since both banks had to be bailed out in 2008.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801554444-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