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Rbs Reports £3.5Bn Loss For 2014

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http://www.bbc.co.uk/news/business-31636327

UK state-owned bank RBS reports £3.5bn loss for 2014, down from £9bn loss the previous year.

The results were hit by a £4bn writedown on the value of its US business Citizens, which it sold off last year.

The bank confirmed Howard Davies, former chairman of the Financial Services Authority as its new chairman.

Just to remind you, RBS is still 79% owned by the state. Nick Gartside of JP Morgan Asset management tells the Today programme on Radio 4 that its expected loss will be the seventh annual loss in a row. But he says the bank has been slimmed down and is much healthier, despite still losing money.

The loss making that just keeps on giving. 7 years of losses Brown got the taxpayer a real bargain!

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It just said on the news that as new laws got passed to limit bonuses they changed the name to an allowance so the new rules don't apply. They really do just do what they want without consequence.

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They must be full of quality staff well worth their bonuses.

Is the 2015 £500million bonus pool that RBS have kindly set aside for their hardworking members of staff been structured into those losses.

Completely, utterly laughable. Shows the contempt they have for me and everyone else who isn't in the fortunate position to be at the teat of what must be the biggest money printing shop in history. Yet still they unable to turn a profit :D

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They must be full of quality staff well worth their bonuses.

Is the 2015 £500million bonus pool that RBS have kindly set aside for their hardworking members of staff been structured into those losses.

Completely, utterly laughable. Shows the contempt they have for me and everyone else who isn't in the fortunate position to be at the teat of what must be the biggest money printing shop in history. Yet still they unable to turn a profit :D

It's ******g unbelieveable what these parasites have got away with.Billions in bonuses.

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I did wonder why Jimmy Savile was back dominating the news agenda again today.

The MSM really is rigged isn't it. There's no reason to run that Savile story today. Today of all days, there is a responsibility to concentrate on the banks.

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Incredible how, with all the ZIRP/ Money Printing/ Unlimited CB Liquidity rigging that is available for banks, that a bank can still be making huge losses seven years on.

Of course, helps that this bank is pretty much Nationalised - the taxpayer is there to take the pain! Meanwhile, the privatised ones make like bandits. Privatise the profits, socialise the losses .....

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Incredible how, with all the ZIRP/ Money Printing/ Unlimited CB Liquidity rigging that is available for banks, that a bank can still be making huge losses seven years on.

Of course, helps that this bank is pretty much Nationalised - the taxpayer is there to take the pain! Meanwhile, the privatised ones make like bandits. Privatise the profits, socialise the losses .....

Takes a special talent to manage to still lose moeny despite taxpayers giving you billions for free....hence the bonus pool of £500mill

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I did wonder why Jimmy Savile was back dominating the news agenda again today.

Media Pedo-mania is fantastic!

... except of course when it touches upon an establishment figure or Westminster. Then the media are brought to heal or the issue sidelined and off the front pages, pronto .....

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