RBS

Maybe some banks pay any old bonuses they want (despite continuing to lose money) in order to keep up with the Joneses, Goldmans, and JPMorgans of the world, but RBS isn’t going to be one of them! Not while it lives under the government’s house! Read more »

  • 26 Feb 2014 at 10:45 AM

Bonus Watch ’14: RBS

Employees of the royalest bank in the UK should expect lower bonuses for 2013, but they will have the opportunity to serve tea and haul feta for customers free of charge, so things even out. Read more »

Last summer, Adrian Eady, a banker with Royal Bank of Scotland Group, was nearly crushed hauling a crate of feta cheese off a forklift truck in a North London warehouse. A few months earlier, the state-controlled bank sent Mr. Eady to wear an apron and serve cappuccinos in a cafe. Before that, he was selling novelty greeting cards in a shop. Following a political uproar over a lack of bank lending to small businesses, 81%-government-owned RBS created its “Working With You” program. All RBS corporate bankers must spend at least two days a year working for a customer free of charge. “We do anything they ask,” Mr. Eady says. “If they say ‘make the tea,’ then we make the tea.”[RBS]

Earlier this week, Royal Bank of Scotland CEO Ross McEwan announced that he had a new professional goal for himself. “My aspiration is not to run the world’s biggest bank,” he said via video posted on the bank’s website. “My aspiration is to run the best bank in the UK – nothing to do with size.” What role will the men and women who make up Team RBS come in vis-à-vis said aspirations? That’s where this conversation gets awkward. Read more »

RBS’ (alleged!) mortgage-backed chicanery has put a real crimp on the woodsmiths’ vacation plans for the last few years. Now, however, the perfidious Scots have agreed to pay up, ensuring quite an upcoming summer down the Shore. Read more »

Ian Drysdale knows what we’re talking about. Read more »

  • 13 Jan 2014 at 4:31 PM

Bonus Watch ’14: Everyone

Pay predictions for Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan, RBS, UBS. Read more »

  • 06 Dec 2013 at 3:28 PM

Glitchstock ’13 Comes To Consumer Banking

Just in time for the holiday season, some hackers and/or technological ineptitude is making it hard for some people to buy things. Read more »