Senior bankers may need to brace themselves for further public anger over their bonuses and pay packages, according to a report by the Independent today (January 12th).Specialist law firm CM Murray predicts that the current bonus round could be worth more than £40 billion for investment bank employees.Critics have argued that the large profits enjoyed by banks over the past year have only been possible because of taxpayer support, and state-owned Royal Bank of Scotland's (RBS) decision to pay out £1.5 billion of bonuses sparked anger at the end of 2009.The newspaper says that RBS' controversy rating remains "sky high", which contrasts with Lloyds Banking Group where average bonuses were found to be just £100.It predicted that the major investment banks would face further public relations issues in 2010 as further details of staff remuneration came out.This week, the US administration gave a strong hint that it is considering applying a one-off levy on profits in the banking sector.Belmont Thornton can help you make a PPI claim – Payment Protection Insurance Claim, or a credit card charges claim. For free PPI Claim advice call 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim pack or credit card charges claim pack.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk number 18273
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* 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.