• News

    RBS To Be Confused About Own Identity

    We may well get to watch a sizable good bank / bad bank plan in action before long. RBS has decided to go the fiscal hermaphrodite route (we understand the surgery is radical and risky enough that lots of capital infusions are being hung on the drip cart in preparation). The Royal Bank of Scotland […]

    / Feb 23, 2009 at 10:57 AM
  • News

    Big Bonuses Boil Brown Before British Bank Boss Bashing Begins

    You sort of knew it was percolating anyhow over in the UK, but it seems to have come to a boil (ahem). Barclays announced a top-level review of its bonus structure on Monday, amid a growing political clamour in Britain over rewards paid to bankers in the midst of the credit crunch. Gordon Brown, British […]

    / Feb 9, 2009 at 3:27 PM

    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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