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Royal Bank of Scotland in Trouble?

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Comments

  • setmefree
    setmefree Posts: 851 Forumite
    We will just have to see what happens,but judging by previous rescue deals,there isn't many who will wait around to see the outcome.
  • talana
    talana Posts: 1,077 Forumite
    They set a dangerous president..........

    Mr Bush?? :confused:

    I'll look for the queues today outside RBS and Natwest then ;)
  • setmefree
    setmefree Posts: 851 Forumite
    Liberal Democrat treasury spokesman Vince Cable supported the idea of a rights issue in addition to the Bank of England's proposals.
    "It's positive and it's necessary and it's got to happen for all of the big banks," he told the BBC.
    "Essentially this is all about sharing pain - shareholders have got to accept that any losses arising from the credit crunch accrue to banks and not to the taxpayer."

    Well i think you will find that thousands of people have been saying that for months
  • lol

    *Precedent

    Although why not blame bush too! yeah! Let's blame bush! ahahaha
  • tom188
    tom188 Posts: 2,330 Forumite
    Sheer paranoia - something that seems all too endemic in peoples view of the banking system at the moment.

    RBS are considering a rights issue to increase its capital reserves. They are not in trouble or at risk of going bust. It is a business decision. Companies have rights issues all the time for all sorts of reasons.

    Even if you think RBS are going to go I suggest you leave your money with them. Your time will be better looking for a cave to live in and learning the art of hunter gathering as the end of civilisation as we know it will be nigh.
  • Actualy it's an old suitcase and matress i'm looking for to keep my money in.... safest place.....
  • mardatha
    mardatha Posts: 15,612 Forumite
    Your time will be better looking for a cave to live in and learning the art of hunter gathering as the end of civilisation as we know it will be nigh.
    **************8
    thats a lot truer than you might think. Times are changing and the skills of the hunter gatherer will one day be highly prized again! :D
  • DanDan123
    DanDan123 Posts: 378 Forumite
    Why is everyone in a panic when your savings are covered by the FSA for upto £35,000 per financial institution.

    I can understand (A little) if people have much more than that in savings, but a few hundred pounds would always be covered if the bank got into trouble.
  • skyrider007
    skyrider007 Posts: 1,108 Forumite
    This is nothing for consumers to be worried about.

    http://news.bbc.co.uk/1/hi/business/7354225.stm
  • setmefree
    setmefree Posts: 851 Forumite
    I don't think it's a case of every one panicking is it, everyone blamed the public's panicking for Northern Rock's downfall, yet when the truth came out, the fault was not the public it was the FSA for not monitoring properly and also the bank's executives.

    So regardless of what is said,people quite rightly can make their own decisions
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