Totally agree with Tracker and Timsouth. This was the story of capitalism at its worse and I doubt if RBS has seen the last of litigation both here and across he pond. The fact that 9 years on from the bailout the stench is still there and even McEwans positive words does not hide the fact that government, BOe and FCA were just as culpable as Goodwin and it should have been allowed to sink and those responsible jailed.
Mr McEwan said:"These costs are a stark reminder of what happens to a bank when things go wrong and you lose focus on the customer, as this bank did before the financial crisis."
Not quite the full story, add putting healthy small and medium profit making businesses into your GRG all for bank profit, then stealing the assets and money from those companies leading to bankruptcy and customers selling their homes. Not at all helped by the useless FCA nothing to see hear attitude, and then you ponder why customers have no confidence in you. The compensation GRG train has left the station and you now have a chance to do the right thing and put some meat on your words Mr McEwan.
There is no escape with the world wide web watching.
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