The bank that likes to smell ewww

kabayiri

5 years in; bailout to the tune of £45bn; a QE fuelled economy where the likes of upstarts like Wonga can make money, and still we find RBS with nearly £40bn of bad loans.

Just what sort of terms did they offer on these loans? The mind boggles.

It must have been like a scene from some kind of Western in some of their 'high value business development areas' , back in them thar pre-crash days.

We are often told we had to pay sky high market rates to attract and retain the top banking talent. They don't sound so "top" to me, more like casino types.

CLAPTON

kabayiri wrote: »

5 years in; bailout to the tune of £45bn; a QE fuelled economy where the likes of upstarts like Wonga can make money, and still we find RBS with nearly £40bn of bad loans.

Just what sort of terms did they offer on these loans? The mind boggles.

It must have been like a scene from some kind of Western in some of their 'high value business development areas' , back in them thar pre-crash days.

We are often told we had to pay sky high market rates to attract and retain the top banking talent. They don't sound so "top" to me, more like casino types.

yes they had rubbish top managers but a lot has already been said about Fred the Shred

Kennyboy66

kabayiri wrote: »

5 years in; bailout to the tune of £45bn; a QE fuelled economy where the likes of upstarts like Wonga can make money, and still we find RBS with nearly £40bn of bad loans.

Just what sort of terms did they offer on these loans? The mind boggles.

It must have been like a scene from some kind of Western in some of their 'high value business development areas' , back in them thar pre-crash days.

We are often told we had to pay sky high market rates to attract and retain the top banking talent. They don't sound so "top" to me, more like casino types.

I really can't understand what the fuss is about and thick journalists like John Humphries on R4 Today don't help.
They have massively shrunk their bad loans book, and will get rid of the rest if the price is right.

The management that got them into this mess is now gone and some disgraced.

The bigger problem is that they have become too conservative and now can't meet their own small business targets.

It was ever thus with banking - lend too much in the good times & not enough in the bad.

Thrugelmir

kabayiri wrote: »

Just what sort of terms did they offer on these loans? The mind boggles.

£9 billion of mortgage debt in Ulster Bank. That's the true impact of a housing crash. Zombie households where there's a likelihood that the full debt will never be recovered. Although the mortgages have over 20 years to run.