Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank claims: UK banks to take stress tests

UK banks are to be subjected to stress tests to determine if they can deal with further economic problems, it has been revealed.

British banking giants HSBC, Royal Bank of Scotland, Lloyds and Barclays will all be examined, as well as European firms Deutsche Bank and BNP Paribas.

In total, 91 banks, representing 65 per cent of the European Union's banking sector, will be tested to establish if they can handle the rigours of another recession.

The markets responded positively to the news, as shares in the four UK banks rose by as much as four per cent.

Bruce Packard, financial analyst at Seymour Pierce, was not surprised by the positive response from investors.

"Markets believe that the stress tests will be credible and there's some relief. Stress tests in the UK and US generated confidence in the banking system last year," he said.

The Dow Jones was up 0.5 per cent and European markets grew by 1.5 per cent following the announcement.

Posted by Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt. ADNFCR-2776-ID-800000941-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 Financial Conduct Authority in respect of regulated claims management activities; FRN:838450

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