Rbs

[Firestorm]

From the Beeb

Royal Bank of Scotland (RBS) has announced the largest annual loss in UK corporate history.

RBS, which had to be bailed out by the government last year, said that its 2008 loss totalled £24.1bn (£34.2bn).


And they have the cheek to ring me when I miss a credit card payment !!!!

 

[Ron Manager]

The people who've been running these major banks for the past 10 years or so (at least) are greedy bar stewards who've had no care or concern for their customers just for their profits and bonuses.

 

[Cricko]

Ah, but you have to feel sorry for the X boss Sir Fred Goodwin who has had his pension doubled..and has to survive now retired at 50 on only 650k a year for life.

:dizzy:

http://www.telegraph.co.uk/finance/...r-Fred-Goodwins-pension-topped-up-to-16m.html

 

[MK Shrimper]

One thing you have to admire about the French is at least they take action when the greedy *&*&!*£** get looked after by the tax man. Stick Goodwin in a South London Council estate on the 13th floor with a lift that stinks of **** on a basic pension.

 

[Southminster_Shrimper]

Ah, but you have to feel sorry for the X boss Sir Fred Goodwin who has had his pension doubled..and has to survive now retired at 50 on only 650k a year for life.

:dizzy:

http://www.telegraph.co.uk/finance/...r-Fred-Goodwins-pension-topped-up-to-16m.html

doesnt pay for his own security either...

http://news.scotsman.com/topstories/Royal-Bank-keeps-funding-security.4986717.jp

Knighted for services to banking.....makes you wonder quite what services they were then

 

[steveo]

I dont know if its anything to do with being greedy, they have just been run extremely badly by people who are not good enough. Why did they buy that Dutch mob? Surely they should have sorted their own mess out first.

 

[Nobby Snide]

From the Beeb

Royal Bank of Scotland (RBS) has announced the largest annual loss in UK corporate history.

RBS, which had to be bailed out by the government last year, said that its 2008 loss totalled £24.1bn (£34.2bn).


And they have the cheek to ring me when I miss a credit card payment !!!!

and pay their shareholders and staff a bonus......B@ast@rds

 

[MK Shrimper]

Your average RBS joe is looking at being made redundant and this greedy **** wants £650K a year?

 

[Southminster_Shrimper]

Your average RBS joe is looking at being made redundant and this greedy **** is being paid £650K a year for life?

this is more like it....unfortunately

 

[Mad Cyril]

Your average RBS joe is looking at being made redundant and this greedy **** wants £650K a year?

Wants?

Or is contractually entitled to?

 

[MK Shrimper]

Wants?

Or is contractually entitled to?

Then Goodwin should do the honourable thing. I doubt he's short of a few bob.

 

[dloman]

What annoys me about this type of thing is if you run a limited company and it goes into receivership with outstanding creditors maybe of only £100,000 then as a director you are likely to get banned for a couple of years. Where as these guys can run up debts 24 billion and get a huge pay off!

Odd world we live in.

 

[Desert Shrimper]

What shocked me the most was a Daily Mail report that even after all he's done he STILL gets someone to come round his house every morning to dry his balls with a towel!! With a towel???? :stunned:

It should be barbed wire and sand paper until RBS have paid off their debt to society.

What a DISGRACE. PC Britain gone mad yet again. :zzzzz:

 

[Clinton Baptiste]

Just sums up this country, failure is rewarded, thus we have some of the worst run banks and public services in Europe.

 

[Desert Shrimper]

Just sums up this country, failure is rewarded, thus we have some of the worst run banks and public services in Europe.

Really? What instances can you think of where failure is rewarded in Britain? Strange that on my travels I've found that we're one of the most respected nations in the world for our engineering, education standards, work ethics and the quality of the people that we produce. Still, you're entitled to your opinion, it's just a shame it's so negative. Being British gives us a HUGE advantage and we're not a nation of losers who **** everything up.

 

[Perth Bambi]

work ethics .

Slightly worrying what the rest of the world is like then. When I was a student physio it was unbelievable the amount of people who come in and try and con you they are injured to get you to sign their sick notes.

 

[Einstein]

I dont know if its anything to do with being greedy, they have just been run extremely badly by people who are not good enough. Why did they buy that Dutch mob? Surely they should have sorted their own mess out first.

No doubt I'll get slaughtered for some of my views I'm about to make, however here goes....

They weren't in a mess at the time of the crisis. Clearly ABN was one of the most ill-advised takeovers in history, but at the time it did not look like a bad decision. Hence, many of the banks were after a profitable ABN, and not just RBS.

The £24 billion figure is a bit misleading for a start. £16 billion of that is a "write-down", which basically means they just 'overvalued' what ABN was worth.

Yes, it's easy to say 'overvalued', but we all make mistakes all the time. As we cannot predict the future. Last Spring with the house market booming, I decided to buy. It doesn't look like such a wise decision now. I made a 'mistake', not going to hang myself over it.

I'm still not quite sure why everyone is up in arms about it. RBS made £10 billion profit in 2007. Now, the shareholders own a substantial part of RBS, the tax payer is going to make a killing in a few years.

 

[Einstein]

and pay their shareholders and staff a bonus......B@ast@rds

The average job blog working at the Credit Card Centre along the A127 is probably making around £14,000 a year. Why should they not be entitled to a relatively small bonus for working hard throughout the year?

 

[MK Shrimper]

The average job blog working at the Credit Card Centre along the A127 is probably making around £14,000 a year. Why should they not be entitled to a relatively small bonus for working hard throughout the year?

Steady on, I need to sit down as I agree with Einstein :D

 

[Einstein]

Your average RBS joe is looking at being made redundant and this greedy **** wants £650K a year?

Why shouldn't he?

If you are going to blame one man for the losses, you have to 'blame' one man for the profits. He has made RBS far far more than £24 billion profit during his time at RBS. Despite all the cr*p, if I was Fred, I'd also want my take of the profits over the past few years.

The only point I could possibly agree to, would be if his pension is deferred until RBS start making profits again based on his decisions and investments.