RBS Proud Of Important Learning, Character Building Experience
    Reports Losing Shit-Ton Of Money

    The Royal Bank of Scotland reported losses of 761 million pounds today, due to a 5.9 billion pound writedown on risky assets. Chief executive officer Fred Goodwin described the bad news as “a chastening experience” that every bank should go through at least once. Soon to be laid off employees? Shareholders? What’s your take on […]

    / Aug 8, 2008 at 9:32 AM
  • News

    Wild And Crazy Predictions

    We love wildly irresponsible predictions. If they don’t come to pass, well, it was just comedy. If, however, they do…. So when RBS announces not just that they are writing down $12 billion, but that they are looking to raise $20+ billion in capital (the largest rights issue in British banking history), and there is […]

    / Apr 22, 2008 at 12:02 PM

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