RBS Loses 5, er 3.6, Billion in 2009

Mr.Brown_4

Despite the bending of every financial rule in the book is that the best they can do?

Tell me again about the recovery and the good times just around the corner.

http://news.bbc.co.uk/1/hi/business/8534694.stm

DaddyBear

Mr.Brown wrote: »

Despite the bending of every financial rule in the book is that the best they can do?

Tell me again about the recovery and the good times just around the corner.

http://news.bbc.co.uk/1/hi/business/8534694.stm

I'm sure the RBS staff can. What was this years bonus pot??

Mr.Brown_4

DaddyBear wrote: »

I'm sure the RBS staff can. What was this years bonus pot??

1.5 billion I believe or thereabouts. Signed off by the Government of course. Of course we do benefit from the tax take on that, should be about 39p.

sandiep

I think I would have been more upset if they posted record profits.

Mr.Brown_4

sandiep wrote: »

I think I would have been more upset if they posted record profits.

If they made a profit there would be a chance of them paying some money back. I don't know how many billions the tax payer is owned, but it would be quite a help.

kabayiri

What? I don't get this. People in here were telling me these state majority purchases of banks were actually a good deal, and this would only cost us 10 billion or so.

I want my £2.50 back.

Mr.Brown_4

kabayiri wrote: »

What? I don't get this. People in here were telling me these state majority purchases of banks were actually a good deal, and this would only cost us 10 billion or so.

I want my £2.50 back.

'People in here' will tell you all sorts of things. I suspect the deal was the only deal. The other choice was the end of the UK banking system. Nice management by Gordon, and what timing to get to be PM just before the house of cards collapsed.

Kohoutek

Mr.Brown wrote: »

Nice management by Gordon, and what timing to get to be PM just before the house of cards collapsed.

His revenge is to set up Cameron to be the PM when the country collapses.

ses6jwg

Give it a few years.... she'll come good, still bad debts on the books.

Mr.Brown_4

ses6jwg wrote: »

Give it a few years.... she'll come good, still bad debts on the books.

So maybe 1 billion a year profit for five years to cover 2009 losses. And then start paying the taxpayer back. Could be a long haul I guess.

aelitaman

Methinks the results are announced tomorrow at 7am.

My betting is the McRuin has signed off 1.5billion of bonuses because RBS will be cooking the books and putting a very positive spin on the results and the future. All to coincide with an Election Campaign where McRuin will spout ad infinitum "I did the right thing and the Tories eat babies."