My Internet trawl on the Royal Bank of UK Taxpayers has found this tasty morsel in the Scottish Daily Record web site. Here’s the first paragraph.
Fred the Shred’s stunning corporate art collection is still still under wraps at taxpayer-owned bank despite promises to make it more accessible to the public.
As selling this has no implications for the profitability of the rump of the bank or employment issues, it is a disgrace that it hasn’t been sold or at least displayed in public.
I have a trawl for the Royal Bank of Scotland in Goggle and two stories this morning make interesting reading.
Scotland Will Never Be Free as Long as It Has RBS is from Bloomberg and Analysis: Scottish banks plan quietly as independence debate gets louder is from the Chicago Tribune.
They should be read.
I don’t care which way Scotland votes, as it is their affair, but I won’t be following David Cameron’s advice to phone my Scottish friends and implore them to stay, Mainly because all of them seem to be in the Better Together camp.
One feeling I do have, is that the Scottish independence debate is the tail, that is wagging the donkey of the Royal Bank of Scotland. No bank is too big to fail, but because of the referendum in September, no English politician dare put the Royal Bank of Scotland and its employees out of its misery.
I can’t believe that if Barclays had got into the sort of trouble RBS did, then it wouldn’t have been liquidated.
My trawl for the Royal Bank of UK Taxpayers, has found this story from the Herald. Here’s the first paragraph.
Some NatWest and Royal Bank of Scotland (RBS) customers have found themselves short-changed in their monthly interest payments in the latest blunder to hit the banks.
It looks like a computer error.
It’s funny, but it seems quite a few of the stories critical of RBS, seem to be in the Herald. Didn’t it uised to be the Glasgow Herald?
On the first of January, I wrote this post, entitled Will We Ever Get Rid Of This Worthless Bank.
But now according to reports, like this one on the BBC, the bill is going to get bigger. The BBC article says that the bank needs another £3.1 billion for claims relating to the financial crisis. As there are sixty three million of us, that means, that even the granny in the council house and the baby just leaving the hospital will have to find another pound a week.
So next time, you look at your bank account or count the change in your pocket, think of the mess that the prudent Gordon Brown, dropped us in.
I keep all the scamming e-mails, that I get sent, so I can see any trends. If for instance I were to see a large number attacking the bank I use, it would put me on alert, and I’d be very careful in checking my account.
Over the last few months, RBS and its subsidiary, Natwest have had a series of well-documented computer problems. So as customers of this group now seem to be the target of most of my scam e-mails, could it be that the scammers get a higher chance to fraudulently remove money from a customer of a bank, that has a series of computer problems, as this softens customers up.
So perhaps, if your bank continually annoys you with unavailability of the service and security lapses, you should move to one that is more reliable.
Perhaps, the Financial Conduct Authority, should publish a web site, showing all of the failures of banks, building societies and credit cards. Then we’d all be able to sort the good from the bad.
Or that’s what it looks like according to this article in the Guardian. Here’s the first part.
NatWest and Royal Bank of Scotland customers have become the victims of another technical glitch that has resulted in many being unable to pay for fuel at Tesco‘s petrol stations. Reports of the problems spread on social media after customers’ credit cards were declined when they tried to pay for fuel.
I still meet people, who bank with Britain’s most accident-prone bank! Why?
This report in the Guardian is depressing reading for the New Year.
If we look at the figure of £14.5bilion out of pocket, that means that all sixty three million of us will have to contribute around £230,000 each. I know some of that money will come from corporate taxes, but where do the big companies like BP, BT and Vodafone get their profits from?
If we look at the performance of the two state-controlled banks, we see that Lloyds is actually improving both in value and share price, but RBS is still an impossible basket case.
More and more, I’m coming to the conclusion that Gordon Brown’s decision to save RBS was one of the worst pieces of political judgement ever, that ranks with when Neville Chamberlain thought Hitler was a good bloke to be trusted.
I wonder how many idiots, still bank with RBS or their accident-prone subsidiary; NatWorst?
I know of one supposedly sensible guy who does, but he got a mortgage with NatWest, in the good times.
With RBS, the bill would have been lot less, if we’d put the bank down and compensated, all those individuals and companies, who’d lost money as a result.
But if he’d done that, Gordon Brown would have have lost every Labour vote in Scotland to the Nationalists.
He might though have retained power in 2010, as the rest of the UK, would have applauded his courageous action.
I love this story, from the Edinburgh Evening News.
For RBS customers, it’s Christmas.
But obviously, only in Edinburgh!
They would never have tried such a stunt to get new customers in Glasgow!
This has just been awarded by Bloomberg to the Royal Bank of UK Taxpayers.
Bloomberg reports it here.
It doesn’t say, if the bank turned up to receive their award. Or did they send Gordon Brown? After all he started this fiasco!
RBS and its subsidiary NatWorst are getting attacked by hackers according to this report in the Guardian. Here’s the bank’s description of the problems and their explanation of what happened.
The bank said its systems had been deliberately targeted: “Due to a surge in internet traffic deliberately directed at the NatWest website, customers experienced difficulties accessing some of our customer websites today.
But the outcome is the same as ever and customers couldn’t use the web sites.
I blame some hackers, who have a vested interest in RBS going bust.
Perhaps they’re another wunch of bankers, who have hedged the share price!
Will the last customer to leave RBS/Natworst please close their browser!