8 billion

[AtW]

Lehmans went.

Lehmans was investment bank - I don't think firms held their current accounts with them.

[BlasterBates]

Is it perhaps a red herring that banks are using to keep getting bailed out and take massive risks in order to maximise their bonus ? I mean, life will go on , right ? Just turn the light off, fire every reckless banker in RBS and put a black mark against his record so he cannot work as banker again, Job done. They will obviously moan that the world will come to an end, but just laugh at them and pull the plug.

Yeah but the government now owns the bank so all the profits they're making offset the loss. They made 1.4 billion last year, so a few more years and the government gets its money back.

[alluvial]

Yeah but the government now owns the bank so all the profits they're making offset the loss. They made 1.4 billion last year, so a few more years and the government gets its money back.

If there's any danger of the government making our money back, then it will be sold off pretty quickly to ensure that some other bugger makes the profit.

[sbakoola]

and to think that Barings collapsed with only £827 million in debt due to Leeson, ok it was a small / medium sized merchant bank but still ....

[Mich the Tester]

That's easy.

Now how can a bank such Deutsche Bank to hold $72.8 Trillion exposure to derivatives - that's how many times more than GDP of Germany?

Just how the FOOK this was possible with all the supposed supervision?

Source: At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan) | Zero Hedge

Sod how many times the GDP of Germany that is; it's $10,000 for everyone on the bloody planet. It's probably more than the combined earnings of humankind. The wizards of finance once again turn out to be a bunch of

[Underscore Pt2]

Is it perhaps a red herring that banks are using to keep getting bailed out and take massive risks in order to maximise their bonus ? I mean, life will go on , right ? Just turn the light off, fire every reckless banker in RBS and put a black mark against his record so he cannot work as banker again, Job done. They will obviously moan that the world will come to an end, but just laugh at them and pull the plug.

They have fired all the reckless bankers! This is all the mess of the goodwin years. All of which was encouraged by the governments at the time....but that is always ignored!

[Pondlife]

This is the first image that springs to mind

[Paddy]

How can a UK bank make losses of 8 billion ? It would be funny if it was not so serious.

How the heck can someone generate so much loss ? Cant we just shut it down ?

If I pop down to the casino and place all my money on Roulette covering 3numbers, I will gwin however, there is a slight change that zero or my missing number comes up.

[The Spartan]

Wouldn't some small business be protected by the FSCS Deposit Guarantee Scheme?