Quite agree - you would have thought given regard RBS is held in by general public / tax payer they might have kept a low profile on such a decision - if indeed they need to make it at all
Perhaps desperate measures called for now harder to make income from customers selling variety of products or interest management derivatives etc - so cunning plan of charging their customers for holding their own money.
They were grateful enough for it during the financial crisis
Assuming RBS stops shooting itself permanently in the foot, and we see a return to a dividend of sorts in 2017 (here's forever hoping), does anyone on here have an idea as to what the likely magnitude of one would be given the high no. of shares in circulation?
I've ben invested here since 27/7/2009 , so I am very long term investor but I'm starting to wonder who is on the bridge. Do we really have to drive a news story about charging people in the black on Accounts?. There are other banks with a better business profile at present that could lead with this. I suggest the CEO gets a grip of what this bank is about and stop making alarmist statements. A good policy when in a weak position is to 'ride with the heard on bad news'.
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