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Moon phases


RBS RTFS

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RBS RTFS

Post by pipsaholic on Fri Nov 24, 2017 10:34 pm

Anyone seen this apparently all banks will be renamed through a court process? Is this the big bankers manipulating things for their own benefit at the expense of the taxpayer?

https://i62.servimg.com/u/f62/19/66/35/54/rtfs_r13.jpg

https://i62.servimg.com/u/f62/19/66/35/54/rtfs_r14.jpg

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Re: RBS RTFS

Post by Tiggy on Sat Nov 25, 2017 10:30 am

No, they need to separate the retail & investment businesses out.

There's currently too much risk in the investment arms of banks that if they went belly up could wipe a whole bank out and take individuals' (ie retail customers) savings with them.

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Re: RBS RTFS

Post by pipsaholic on Wed Nov 29, 2017 8:37 pm

They are all insured against bankruptcy anyway.

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Re: RBS RTFS

Post by Tiggy on Wed Nov 29, 2017 9:31 pm

@pipsaholic wrote:They are all insured against bankruptcy anyway.

So Northern Rock was insured then ? What about Leeman Bros? Didn't savers lose out, that's what the ring fencing is aimed at.

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Re: RBS RTFS

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