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I owned a house in the Algarve for some years when I was younger and etc.. Following the Mozambique 'war' the Govt turned the army into a FOURTH police force! They all ran about with guns on their hips and were extremely aggressive. Over quite a short period of time there was an upturn in the number of people being stopped on the road and breathalysed. Suddenly it became a police state. Some were taken immediately to be locked up, weren't allowed to make a phone call home or other contact to tell wives where they were. Frequently there was a stop and test team on the little road from the golf course on the basis that golfers drink after their round and were fair game. This is just one simple example of what you can expect, perhaps not immediately noticeable on a short holiday, it was enough for me to sell and seek a better atmosphere elsewhere. Others among my golfing friends did the same. Last year I toured 13 European countries over several weeks and enjoyed the whole trip but having had the Portugal, France, and Spain experiences I could recognise many circumstances that, if living in a country, would mean significant compromises and in some places risks that I would not wish to face as an ageing senior. As I said already there are plenty of attractions in other countries but the UK is still well ahead of most. GL
RBOS have always paid lip service to these wishy washy HR issues. Just ask the unions. Why dont you post how many paper clips are used in a branch or what type of cleaning materials cleaners use to clean the toilets? Get a life and post something " RBOS banking " related. No wonder the banking industry is in a mess.
No it does not. It has crashed circa 50% since last year!!!!!! Head in sand, rose tinted glasses etc etc. Just wait until " Brexit " takes hold in 2017. Banks will see mahoosive deposit withdrawals when peeps get to realise the gov will steal a big proportion of their money to bail them out as no more quantative easing monies as before. There will be some fully stuffed mattresses for some years and gold silver, platinum shares going through the roof. Not rocket science. Oh and dont forget to sell property as you will be able to buy back at 50% discount. Happy daze!!!
The share price continues to show remarkable resilience in my opinion. Recently it has been subjected to waves of fear concerning old news and yesterday an element of more recent "disgustingness" has been introduced, which RBS claims to have been resolved rather than provided for. Perhaps it is simply cheap on a price to NAV basis? ... glad to be on the sidelines because I suspect the banks are still worthy of particular contempt.
In theory it is old news but if some of the email extracts etc are to be believed what is perhaps a greater concern is that the report commisioned by the bank found little evidence of wrong doing - while on the face of it this was not the case . If allegations are true then would indicate that senior staff either were not informed accurately of results of their own internal investigations or they were and drew different conclusions from the results that others might have done . Of course there may be no issue RBS has I think always said that is the case - until last week when _ ''In the aftermath of the financial crisis we did not always meet our own high standards and let some of our SME customers down''.
Finding some of the posts way over the top . This is old news , with the FCA still to publish their report . Not tthat I'm condoning RBS but let's at least wait until we find out how widespread this practice as been , if at all , and if we are basing our investing decisions on the damage which may have been caused to a numder of Individuals , according to the media , then there are anumber of other sectors we could consider getting out of . Tobacco , drinks and food spring to mind , not to mention defence , the big pharmas , car and domestic appliance manufactures.Forgive the pun but few if any are whiter than white . Big business , regrettably, is often dirty business ,
Finding some of the posts way over the top . This is old news , with the FCA still to publish their report . Not tthat I'm condoning RBS but let's at least wait until we find out how widespread this practice as been , if at all , and if we are basing our investing decisions on the damage which may have been caused to a numder of Individuals , according to the media , then there are anumber of other sectors we could consider getting out of . Tobacco , drinks and food spring to mind , not to mention defence , the big pharmas , car and domestic appliance manufactures.Forgive the pun but few if any are whiter than white . Big business , regrettably, is often dirty business ,
I rarely comment on RBS but the bad news is just going on and on. RBS clearly should have acknowledged this state of affairs with its Restructuring Division for business customers when it knew the facts. If you or I had robbed some poor old pensioner with a deliberate 'ripoff' we would be facing criminal proceedings and its a disgrace that whomever allowed RBS to operate in this way is not facing criminal prosecution. I did oppose the 'lynch mob' mentality that followed the collapse of RBS especially from MP's that never answer why they didn't fall on their own swords for their incompetence but where are all the independent Directors at the time that should have been watching the way the Bank was run.. Gone, everyone , escaped to other jobs leaving the rest of us to clear away the debris they left behind. Unfortunately an investigation by MP's would only hurt the Bank more and very little would happen the horse has already bolted. Another Day, Another Mess
have just read a post on wres share board ,and came over to see the story here
Dreadful, very predatory lending ... witch hunt required?
on "newsnight" now
RBS hang your heads in shame , it wont even bother them what they have been doing,banking with RBS ,would you listen to any advice RBS would give a customer now ..!!!!!!! ... pfffffttttt ..... barclays here i come ,if you have any sense RBS account holders you would do the same leave them , shocking & disgusting managers & management
Just sold out of this bunch of loathsome, nasty, obnoxious, odious degenerates. I hope the BOD is sacked by the government with loss of salary , bonuses and fined for deceitful practices. They should be spurned by everyone they know including their families.
I am outraged by RBS (Robbing By Shysters) in this new revelation about their disgusting behaviour. I no longer want to be part of the shareholders propping up this stinking business. All the BOD should be on everyone's 'punch in the face' list. I hope that the police arrest every last RBS clown and lock 'em up. I will sell at a vast loss but I have to wash this slime off of my skin. RBS has shamed and broken the whole UK financial system.
The new revelations about GRG provided by a whistleblower just reveal the depths of venal depravity involved in this rotten operation. They systematically asset stripped SME's in hock to RBS. The vast majority of these, often family run firms, never recovered at great personal and financial cost. One of the prime motivations seemed to be to maintain their own personal bonus payments. I would close the whole bloody thing down and write off the loss to the taxpayer. I am glad I got rid of these shares back in 2010 and took the loss. I will now be switching my current account out of NatWest and hope others will too.
We need to tackle the number of people living in the UK, my suggestion is to stop child benefit say after the first or second child moving forward, anyone with existing arrangements should be honoured, young girls in deprived areas with little or no hope are still producing children to take advantage of extra benefits such as child benefit of free rent, these children in turn do the same as their parents. People have a right to have children but not have the taxpayer foot the bill when it makes no financial sense.
You asking for a 150% plus increase ... Unless interest rates rise enough to better banks fortunes, there seems little chance of that amount of rise being justified... As the growth of house buying in the 1970s, 1980s and 1990s has now gone into reverse and more and more cannot afford to buy a house and renting going the same way... It is going back to the 60s with house prices 30 times plus 1960 prices ... No credit cards in the 1960s but now the personal debt mountain is massive and many using credit cards and overdrafts to live and pay their rents and mortgages.... Now Brexit is bound to create some unkown problems and the EU may have other countries leaving .. Who knows and conflicts around the world seem to be remain unresolved.. How the majority of the UK are Expected to have their wealth grow in the next 10 years seems impossible, in fact the growing density of population of many cities is creating poverty stress and hardship ... And house over crowding ... Not the best environment for banks growth ... Things are so different from 40 years ago and tnow he pressure is on...
I have held this share since the old days when it was around 55p when the financial crisis set in (that would now be £5.50) I had hoped by now to have at least made a small gain but just seems to be endless bad news year in year out. Anyone think we will ever see those prices again?
Philip Hammond said that the sale of the government's stake in the Royal Bank of Scotland was "not practical at the moment" whilst the bank was under the threat of fines from the Department of Justice in America and was struggling to sell its Williams and Glyn branch network. http://www.bbc.co.uk/news/business-37587876
Thanks for that! I think, too, that we should take the fat man at his word. He meant what he said, and he spoke on behalf of an institution, not as a personal preference. And that institution still runs the show.
I rented a flat in the Algarve for 3 months and everything was fine. A load of Brits down there, and multiples thereof in Spain, so you have a large sample of residents who will attest that life down there can be pretty cosy. I suggest France of Spain because they are the most popular with Brits. Me personally, I prefer Italy or Portugal, but I also like Cyprus which is well organised, English is widely spoken, and flights are quite cheap. But my main point is that I prefer to have as many options open to me as possible. The UK has is pluses and minuses as every other place, but overall as I get older I prefer Southern Europe. In the near future, you will see Croatia, Bulgaria, Romania etc. all these states opening up. It's a shame that Brits will not be able to move around as easily. - But let me add as an aside, I still think there may be hurdles to PM May triggering article 50. We could have a sterling crisis, a balance of payment crisis, or any other travails that can throw a wrench in the works. I don't believe politicians. These markets are determined that the UK will remain in the EU, or a soft Brexit at best. As Thatcher once remarked with John Major's braggadocio who claimed that the Sterling was a super currency , 'You can't buck the markets.' And Soros walked off with a cool billion for a few days trade!
Interesting posts, have to agree with most of it , worth bearing in mind that our ever increasing population is to a some extent due to people living longer . We have an increasing number of people of pensionable age and not enough home grown " taxable youngsters " to maintain pensions , company or state , at current levels. We need fairly high levels of immigrants just to maintain the status quo and , contrary to media reports , make a positive contribution to the economy . Also worth remembering that large numbers of UK citizens work in , or retire to other countries ,lt's not all one way traffic . Perhaps in years to come when bots have taken over most jobs , we can drastically reduce the numbers , can't see it happening at the moment .
Sold @ £1.81 ish ... bugger this for a game of soldiers
I don't think you will find living in either Spain or France preferable to how you live in the UK. There are attractive elements, of course there are, but I believe you will find the overall balance is in favour of the UK. Simple things, eg: in Spain the plumbing, in France the language. There are many other differences that you may not find so comfortable or welcoming. Might I suggest that you do some first hand research before you commit? Say a trial period of at least six months in a rented house.
Two Jags....aka John Prescott