Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank charges: Co-Operative transactions interrupted

The Co-Operative bank has been hit with more problems as customers found that the bank was failing to complete transactions.

According to the Telegraph, roughly one per cent of customers with basic accounts found that they could not use cash or point of sale services.

The Co-Operative has a base of 1.5 million customers and 15 per cent of these use basic accounts.

Errors such as these will do little to help the Co-Operative bank's already waning reputation.

Since the bank's credit rating was downgraded to junk status by Moody's, the bank has had to look for ways to plug a shortfall that could be caused by bad loans.

Among the measures it has taken to protect itself from more losses is to stop agreeing new loans with businesses.

The future of the bank now rests in the hands of new chief executive officer Niall Booker, taking over from Barry Tootell whose resignation came shortly after the bank's credit rating was downgraded.

Samantha Clarke

Samantha is a former banking assistant and has over ten years experience in retail banking.ADNFCR-2776-ID-801593477-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 16, Elysium Gate, 126 New Kings Road, London, SW6 4LZ 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