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RBS Loses 5, er 3.6, Billion in 2009

13

Comments

  • ManAtHome
    ManAtHome Posts: 8,512 Forumite
    Part of the Furniture Combo Breaker
    If you ran the first translation through GTS again would it turn up Whoopeee or Groooan (or is it one of them 'you can't zip a zip file' things).
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    ManAtHome wrote: »
    If you ran the first translation through GTS again would it turn up Whoopeee or Groooan (or is it one of them 'you can't zip a zip file' things).

    GTS of the GTS:

    The flip flop thingy is a way for RBS to borrow money. RBS can repay the debt early if they want (no later than 2017) and the investor can choose between getting 5.125% in interest or whatever the market interest rate at the time happens to be.

    Better?
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    wymondham wrote: »
    I'm curious, how can it pay those bonuses when it made a loss?? I may be missing something obvious, but surely you pay your debts before your bonuses??

    The term "bonus" is misleading. That makes it sound like it is a discretionary thing, when in most cases it is not.

    Performance related pay, or commission, would be more accurate.

    If I am a trader for RBS, and I make 10 million in profit for the bank, and my contract states I get to keep 10% of any profits I make for the bank, then I'm obviously going to expect to get paid. And those costs would be legitimate payroll costs, and payable before any debt is accounted for.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    vaporate wrote: »
    It annoys the schit out of me when I hear bank bonuses though. What for? Failure?

    If the government had bailed out Corus Steel, would you still be engaging in vitriolic attacks when their sales team were paid the comission on sales they had earned? Or their production workers were awarded performance related pay for delivering a perfect safety record?

    I think not.
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    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
    this is good news - shares are up 6%
  • Mr.Brown_4
    Mr.Brown_4 Posts: 1,109 Forumite
    chucky wrote: »
    this is good news - shares are up 6%
    Yep. I'd hate to see what bad news is.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    Mr.Brown wrote: »
    Yep. I'd hate to see what bad news is.
    only up 5.45% now
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    EUR100m
    5.125%
     Flip flop Bermudan callable subordinated notes 2017(callable December 2012)
    XS0159771327

    This sounds like the 2010 line up for the new bands stage at Glastonbury.

    Flip Flop Bermudan (slightly pop-punky three piece from Ney Jersey)
    Subordinated Notes (lo-fi indie foursome from Newcastle)
    Callable December (trip hop / hip hop mash up crew, based out of East London)
    XSO015 (beats and mc combo from Paris, signed to Fresat Records)
  • michaels
    michaels Posts: 29,227 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Vanilla stuff - not even a multi-currency option thrown in...

    sabretoothtigger wrote: »
    EUR100m
    5.125%
     Flip flop Bermudan callable subordinated notes 2017(callable December 2012)
    XS0159771327
    I think....
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    chucky wrote: »
    this is good news - shares are up 6%

    What are the 5 1/8% flip flop Bermudan callable subordinated notes 2017 doing?
This discussion has been closed.
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