Banking success stories; RBS

[Mich the Tester]

RBS has lost all the £46bn pumped in by the taxpayer - Telegraph

[The Spartan]

It's not going to well is it

[NorthWestPerm2Contr]

Not going well for the tax payer yeah... For the bank things are just fine.

[MyUserName]

These guys seriously need to update their trading systems. If they can start in about 6 months that would be great ...

[suityou01]

RBS has lost all the £46bn pumped in by the taxpayer - Telegraph

Any normal lender would foreclose, Shirley?

[doodab]

I hate to point out the obvious, but it's because it stood to loose billions on bad loans that no one would lend it money and it needed bailing out.

The only sensible question is whether it would have been better to let it fail catastrophically at the time.

[MicrosoftBob]

Any normal lender would foreclose, Shirley?

But it's a Scottish bank so any notion of common sense doesn't apply

[tarbera]

Warm the bench up

I here a massive contractor Kull will take place over the next few weeks (biggest ever) with no notice, collect your stuff and go + no renawals even on promised ones

bigger bench will be required in 2 week time

[suityou01]

I here a massive contractor Kull will take place over the next few weeks (biggest ever) with no notice, collect your stuff and go + no renawals even on promised ones

bigger bench will be required in 2 week time

A PM I knew in a previous gig started there recently. He was an arse. He also once gave me a bad reference after 2 years of busting my hump for him.

It couldn't happen to a nicer fella.

[Mich the Tester]

I hate to point out the obvious, but it's because it stood to loose billions on bad loans that no one would lend it money and it needed bailing out.

The only sensible question is whether it would have been better to let it fail catastrophically at the time.

Probably not, but it might yet be better to wind it down in an orderly fashion if that's possible.