Friday, Nov 06, 2009

RBS 'remains fragile'

Phdinbubbles: RBS bank reports losses of £2.2bn

"Royal Bank of Scotland Group, which is 70%-owned by taxpayers, has reported a pre-tax loss of £2.2bn for the three months to the end of September."

Posted by phdinbubbles @ 07:27 AM (863 views)
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1. phdinbubbles said...

How the hell did I do that? No, i'm not claiming to have written the article.

Friday, November 6, 2009 07:34AM Report Comment

2. yorkshireman said...

And the share price goes up on the news.

Friday, November 6, 2009 08:33AM Report Comment

3. str 2007 said...

And Varley is concerned about the size of bonuses he can pay.

Friday, November 6, 2009 08:40AM Report Comment

4. alan said...

"It also plans to put £282bn of its assets into the government's insurance scheme for toxic assets, taking the government's stake in RBS to 84%".

This can't be good news. It was buried at the bottom of the article.

Suggest the bank gives share options requiring 2 years to pass before they become available. This would make the staff wait a bit for their money and helps build a capital base.

Friday, November 6, 2009 09:24AM Report Comment

5. cat and canary said...

"RBS has written off another £3.3bn in bad debts and other bad investments, which is down from the £4.7bn it wrote off in the previous three months." .....and RBS' CEO says "it was necessary that RBS kept the best people in order to return the bank to profitability."

wasn't it "the best people" who caused the losses? RBS is bankrupt..... beggars belief. If I lost my company millions/billions in dodgy investment decisions would I keep my job?

I think RBS Human Resources Dept. need to think harder about what makes a good employee

Friday, November 6, 2009 09:35AM Report Comment

6. mrmickey said...

I wonder why the share price went up nothing to do with the nice big lump of extra bail out cash it will soon be getting from the tax payer I suppose. Isn't this new form of win win capitalism great.

Friday, November 6, 2009 10:34AM Report Comment

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