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Has RBS run out of cash?

PaulF81
PaulF81 Posts: 1,727 Forumite
Seems a pretty lame excuse that "the software wasn't tested". There are multiple levels of information assurance required by the regulator, seems to me more likely that RBS may be having liquidity issues again, especially with Greek and Spanish bonds having a few question marks at the mo.
«1345

Comments

  • oldvicar
    oldvicar Posts: 1,088 Forumite
    Don't be silly! I got £10 out of the machine this morning, and there seemed to be some left in it.
  • cookie_monster
    cookie_monster Posts: 2,116 Forumite
    RBS run out of cash?......I'm off to withdraw the £6.52 I have left in my account before it goes. Best not panic guys!
    I hate migraines.
  • Rolandtheroadie
    Rolandtheroadie Posts: 5,102 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    PaulF81 wrote: »
    Seems a pretty lame excuse that "the software wasn't tested". There are multiple levels of information assurance required by the regulator, seems to me more likely that RBS may be having liquidity issues again, especially with Greek and Spanish bonds having a few question marks at the mo.

    I doubt it, I suspect the cover storys, well, cover and the real problem is someone has stolen all our details/personal information etc.

    Hopefully it doesnt take as long as it took Sony to sort out their little software bug.
  • Joe_Bloggs
    Joe_Bloggs Posts: 4,535 Forumite
    RBS have lost all of the cachet that they ever had. They appear to need more regulatory scrutiny due to the way it appears to be managed.
    J_B.
  • paddyrg
    paddyrg Posts: 13,543 Forumite
    The 'cover story' is realistic enough - my post here http://forums.moneysavingexpert.com/showpost.php?p=54019271&postcount=44 gives a bit of background why I'm not going to read any conspiracies into this. And the head of retail banking has been on the radio promising to refund all the extra costs people incur, hard to do without money!
  • PaulF81
    PaulF81 Posts: 1,727 Forumite
    Feel sorry for poor old Simon Hester. Don't reckon he will have much hair by the time the week is out.

    Just culture or blame culture at RBS? If I were a betting man, I would say some senior managerial heads will roll over this.
  • ILW
    ILW Posts: 18,333 Forumite
    I wonder if some bod actually got the "are you sure you wish to continue" message?
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    PaulF81 wrote: »
    Has RBS run out of cash?

    No........................
  • Debt_Free_Chick
    Debt_Free_Chick Posts: 13,276 Forumite
    10,000 Posts Combo Breaker
    edited 25 June 2012 at 11:03AM
    PaulF81 wrote: »
    Feel sorry for poor old Simon Hester. Don't reckon he will have much hair by the time the week is out.

    Forgive me if I've missed the irony, but it's Stephen Hester and he doesn't have much in the way of hair, anyway :rotfl:

    At least, not on his (fore)head! :eek:
    Warning ..... I'm a peri-menopausal axe-wielding maniac ;)
  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    ILW wrote: »
    I wonder if some bod actually got the "are you sure you wish to continue" message?

    If people realised how poorly documented some of the core back office IT batch processes are, they'd be horrified.

    Banks are not the only ones who try and save money on back office. Their mistakes are just higher profile.

    You'd think they'd spend more on back office IT and support, but it's an area considered ripe for cost reduction.
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