Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: IOD hits out at bankers’ pay

Banks have been criticised by the director general for the Institute of Directors (IOD), Simon Walker, for the high earnings of some of their staff.

In a speech to the Chartered Institute of Public Relations, Mr Walker criticised the fact that hundreds of staff at Royal Bank of Scotland (RBS) and Barclays had earned over £1 million last year despite having to pay out for financial scandals.

Two of the financial scandals that have hit Barclays and RBS are the mis-selling of payment protection insurance (PPI) and the fixing of the Libor rate.

RBS and Barclays were fined £390 million and £290 million by regulators for taking part in fixing the Libor rate.

Banks are being investigated worldwide as it was found that some had taken part in fixing the global benchmark rate for financial transactions.

In the UK, banks including RBS and Barclays have had to set provisions aside to pay for consumer claims on mis-sold PPI.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801556588-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