RBS yet again in news, even UK government who bailed out Royal Bank if Scotland in 2008 is facing losses. UK Government helped the bank by bailing out during financial crisis and owns about 70% of RBS.
RBS is still closing branches and making their staff redundant. A Bank which I was proud of to work for once upon a time!
UK government sold the shares for 271p each considerably less than 500p it paid for them back in 2008, at a loss of more than £2bn.
It has reduced its holding in the company from 70.1% to 62.4%, and intends to sell £15bn worth of RBS shares by 2023.
Horrible news and looks like more to come.
Horrible news and looks like more to come.
I hope this news does not come true. It is very bad for the economy and will affect the quality of human life as well. If there is an economic crisis we will all be affected.
O, yes. why you say this can happen again? Approximately what causes it to allow this to happen?
Is it war?
Is it because people do not trust the Bank anymore?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I meant more to come from RBS... Yes its more about restoring faith in banking system, many banks updating their system and customers accounts are free for viewing by anyone. Is technology a boon I wonder sometimes. Banks are trying hard I give them that but such news of constant loss since 2008 is painful to see and wonder whats more to come...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @pearliciousme! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So despite the anti-crypto rant, fiat has its big failures too and they cost the taxpayer.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @pearliciousme! You received a personal award!
Click here to view your Board of Honor
Do not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @pearliciousme! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit