Reply to: RBS fails stress test

[blackeye]

Don't forget the £1.2bn spend on Williams and Glyn that was eventually scrapped.

[DimPrawn]

Tell me about it. I went to open an RBS account in their Kensington branch about three years ago, and some grim-faced Rosa Klebb lookalike, with a sidekick standing by her, started literally interrogating me about why I wanted to open an account with RBS.

When I declined, due to the blatant paranoia and hostility, and said I had changed my mind and would open one with another bank I half expected her to rush round the table and try and kick me with a spiked shoe!

But although I escaped that fate, I still had to wait several minutes while they photocopied my passport (after telling them I no longer wanted the account)

I later heard that some criminals had been opening money laundering accounts with RBS at around that time. So it may be an investigation was in progress at the branch I visited.

State owned money laundering outfit, for Russian and Chinese oligarchs, happy to rinse their billions through the London property carousel.

[OwlHoot]

I have to use RBS once a month. I must say the staff are the most arrogant and rude of any bank

Tell me about it. I went to open an RBS account in their Kensington branch about three years ago, and some grim-faced Rosa Klebb lookalike, with a sidekick standing by her, started literally interrogating me about why I wanted to open an account with RBS.

When I declined, due to the blatant paranoia and hostility, and said I had changed my mind and would open one with another bank I half expected her to rush round the table and try and kick me with a spiked shoe!

But although I escaped that fate, I still had to wait several minutes while they photocopied my passport (after telling them I no longer wanted the account)

I later heard that some criminals had been opening money laundering accounts with RBS at around that time. So it may be an investigation was in progress at the branch I visited.

[shaunbhoy]

Most of these very old Japanese people actually died years ago, but their families don't tell the authorities and claim their generous pensions instead.

I think they need to Nip that system in the bud........

[DimPrawn]

Japan is going to have fun when the average age is 97. Hopefully there will be robots by then to look after them all....

Most of these very old Japanese people actually died years ago, but their families don't tell the authorities and claim their generous pensions instead.

[BrilloPad]

Is that how Japan works?

Japan is going to have fun when the average age is 97. Hopefully there will be robots by then to look after them all....

[PurpleGorilla]

There is no top.

When we all have £1trillion on each of our 15 credit cards, we are 0.1% of the way to the top.

Is that how Japan works?

[BrilloPad]

How close to the top do you think we are?

When the masses realize there is no point in saving. All you can do is spend.

I think it could well be another generation away. People are so fick....

[Paddy]

I have to use RBS once a month. I must say the staff are the most arrogant and rude of any bank

[DimPrawn]

How close to the top do you think we are?

There is no top.

When we all have £1trillion on each of our 15 credit cards, we are 0.1% of the way to the top.

[PurpleGorilla]

It reminds me of the Emporers' clothes....

Until Glass-Steagall is re-implemented thebanks will always be a Ponzi scheme(instead of just the currency).

How close to the top do you think we are?

[BrilloPad]

It reminds me of the Emporers' clothes....

Until Glass-Steagall is re-implemented thebanks will always be a Ponzi scheme(instead of just the currency).

[Mordac]

"The FSA said that it had found no regulatory fault in the actions of the RBS board or its senior managers and that the bank’s near collapse, an event only prevented by £45bn in direct taxpayer support and several hundred billions of pounds of state-backed loan facilities, was simply the result of “bad decisions”.

There you go no fault just bad decisions, so problem solved.....next.

At least post-Brexit we'll only have to bail out our own banks. Can you imagine having to bail out the Greeks, Italians, possibly the Portuguese?
Oh, and where I come from, "bad decisions" mean to get the sack, at the very minimum. Make "bad decisions" which require a £45bn bailout, you go to prison. One might ask what the letters FSA actually stand for? Sweary filters on full please, Cap'n...

[motoukenin]

Just double each future bailout, they will be fine.

"The FSA said that it had found no regulatory fault in the actions of the RBS board or its senior managers and that the bank’s near collapse, an event only prevented by £45bn in direct taxpayer support and several hundred billions of pounds of state-backed loan facilities, was simply the result of “bad decisions”.

There you go no fault just bad decisions, so problem solved.....next.

[DimPrawn]

Just double each future bailout, they will be fine.