Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank charges: Co-Op gets downgraded

Co-Operative bank has been downgraded by the major credit agency Moody's.

It now has 'junk' status, which has sparked fears over the bank's debts.

Moody's claimed that it downgraded the bank because it could face potential losses on loans.

Shortly after this news, chief executive Barry Tootell stepped down and is due to be replaced by Rod Bulmer.

Co-Operative bank recently disappointed both consumers and the government when it decided not to go ahead with the acquisition of a number of bank branches from Lloyds Banking Group, the plan for which had been lead by Mr Tootell.

It was hoped that using these extra branches, which would expand the Co-Operative's reach, the bank would become more competitive.

The government has been aiming to increase competition recently among the retail arms of the financial sector as it feels that many banks are too confident in their customer base to offer the best deals they can.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.ADNFCR-2776-ID-801583786-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