Saturday, Jun 14, 2008
Never, ever trust a bank
Financial Advice: RBS Chief Warns That UK Slump Could Last For 15 Months
Wednesday 11th June 2008
Sir Fred Goodwin, the chief executive of Royal Bank of Scotland (RBS), has suggested that the UK economy may suffer for at least another 15 months before we see any sign of improvement. Sir Goodwin’s comments have not gone down particularly well in the City, just days after the Group secured a £12 billion rights issue to increase the financial strength of the bank.
Another small piece - but still interesting.
Posted by angonamo @ 12:24 PM (612 views) Add Comment
5 Comments
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1. whiteknight said...
15 months!!
How about the problems will finally hit pace at 15 months - let alone that it will be over after 15 months.
2. Yerhavingalaugh said...
The blood on the streets will have only just started to flow.
3. paul said...
Perhaps the Bank of England needs to take more wheelbarrows stuffed full of £50 notes (courtesy of the taxpayer) and take them round, quick sharp.
4. icarus said...
He's so good at forecasting the economy that he went on a bank aquisition spree before the banks went belly-up. Slice of ABN AMRO anyone?
5. Fatjock said...
Ever since they wrongly landed me with a CCJ - I threatened to sue and got it removed, a written apology plus a check for five grand, I openly tell people that I'd trust RBS as far as I could spit them. Consequently they could tell me it was night and I'd still check for myself.