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Latest RBS/Natwest fiasco

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Bobtanian

Bobtanian Report 3 Dec 2013 16:28

There was a mention on the BBC news that RBS might be hit with a fine.........now as WE own the Bank just who ends up Paying this fine? where does the money come from?who is the recipient of the cash, and are there any shareholders liable, instead of us joe public, ie......the customers..........??

Researching:
me and my darling wife at our wedding in 1960

OneFootInTheGrave

OneFootInTheGrave Report 3 Dec 2013 15:57

RBS a major bank which is 80% owned by the UK government (the tax-payer) has totally screwed up again with the latest fiasco regarding their systems which has left thousands unable to access their cash, buy goods, or pay bills - despite many people saying they still cannot access their accounts RBS are saying all their systems are back up and running normally.

Danny Alexander the Chief Secretary to the Treasury when asked about this more or less said nothing to do with the government - this is a commercial matter which the bank has to sort out.

We own 80% of the bank, so why is it the government, when things go wrong with a bank, shy away from kicking the bankers really hard where it hurts.

Researching:
I am researching the Wotherspoon family from the Old/New Monkland areas of Scotland, some moved to the Leslie and Kelty areas of Fife and I'm having problems linking the Wotherspoon's from Leslie and the Wotherspoon's from Kelty. I am also researching the Clusker family from Co. Meath in Ireland who moved to West Lothian and from there to Fife............"Vita non est vivere sed valere vita est"