The state funded Royal Bank of Scotland (RBS) is expected to report huge financial losses for 2009.On Friday the bank will release its annual report for the previous financial year, with many analysts expecting the figure to reach around £5 billion.RBS is now 84 per cent owned by the taxpayer following a string of bail outs, so there will be great anticipation among the public to confirm the situation of the bank.As a result of the bank's diminishing funds, RBS chief executive Stephen Hester has announced he is to forgo his bonus for 2009, which could amount to around £1.6 million.RBS's predicted losses come after the non state financed Barclays Bank reported annual profits of £11.6 billion for 2009, a 92 per cent increase on the previous year.Little over a week ago, Steve Ashley, head of RBS trading division, and senior salesman Chris Fleming stepped down from their positions at the bank over after allegedly being frustrated with the regulations facing their pay packages.If you would like to get your payment protection insurance back - PPI Claim from RBS then fill out the Quick Claim form or call Belmont Thornton on 0845 526 0000 for PPI claim advice.
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
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office to ensure compliance with the Data Protection Act 1998 registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
Please note that calls may be recorded and email traffic monitored for the purposes of security and 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.