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Royal Bank of Scotland in Trouble?

1246

Comments

  • The_doomed
    The_doomed Posts: 261 Forumite
    kirstymccr wrote: »
    im a RBS account holder and start of the week i wanted to increase my overdraft slightly to cover some expenses and was offered up to £1600, iv not got a perfect credit history and i would have thought if they were short of cash they wouldn't be increasing overdrafts. But who knows time will tell
    thats how they make money - thats why you were given it.

    Should all have went out and bought RBS stock today, a nice little rights offer coming next week following last weeks timely purchase.

    No fear here
    :beer:
  • kirstymccr
    kirstymccr Posts: 113 Forumite
    im aware thats how they make money but my point is if they are in trouble as suggested here then they would surely not be increasing overdrafts but trying to reduce them
    :j Stopped smoking - 2nd Jan 09:j
  • Jonnno_2
    Jonnno_2 Posts: 46 Forumite
    RBS or NatWest has not got any troubles, thats what our chief exec said this morning, in fact shares went up 12p. They have categorically told us that they / we are in a very good financial position and business is to carry on as normal.

    Its normal for a bank to sell more shares to raise money. Its just the media trying to cause trouble.

    When where making £10 billion a year, I think were in a very good position and have nothing to worry about.

    I have alot of money and shares in NatWest am Im leaving it put.
    I work in a NatWest branch, any information I provide should be taken as general. See you local branch for advice, but any questions feel free to ask me.
  • Jonnno_2
    Jonnno_2 Posts: 46 Forumite
    lesley1960 wrote: »
    The time to panic is when your motgage lender , bank manager etc turn up on your doorstep and ask for their money ...............now!

    a little education sadly seems to go no where

    Unlike some banks who have a limited number of mortgages there aloud to do per week, We/natwest have plenty of money to write as many mortgages as we like. we have so much funding available, and the same with loans that we are pushing re mortgagesdebt consolidation big time this quarter.
    I work in a NatWest branch, any information I provide should be taken as general. See you local branch for advice, but any questions feel free to ask me.
  • The_doomed
    The_doomed Posts: 261 Forumite
    kirstymccr wrote: »
    im aware thats how they make money but my point is if they are in trouble as suggested here then they would surely not be increasing overdrafts but trying to reduce them

    i know where you're coming from but if they stop the things that make them money then they actually would have troubles!

    Jonnno, I agree with
  • PROLIANT
    PROLIANT Posts: 6,396 Forumite
    1,000 Posts Combo Breaker
    Pathetic, here we go again with Chinese whispers, word of a bank looking for money then out come the doomsday brigade, the nay Sayers, same people probably run the "struggling" union at their work place, sad t**ts get a life!
    Since when has the world of computer software design been about what people want? This is a simple question of evolution. The day is quickly coming when every knee will bow down to a silicon fist, and you will all beg your binary gods for mercy.
  • eden1969
    eden1969 Posts: 85 Forumite
    ok, we're discussing the rubbish banks .. can anyone tell us which bank we should be moving over to?
    i.e. Which bank is actually honest and does exactly what their PR blurb states, fast and efficiently? All I'm experiencing with RBS and Abbey is total time wasting ........
  • setmefree
    setmefree Posts: 851 Forumite
    Mikeyorks wrote: »
    Nice to see the Banking Troll doing his rounds again. Time for another poll like the moronic one you last set up regarding faith in the Banks? The one that initially only accepted negatives as an answer!

    Still I'd better be careful ... after all you wrote to Martin when you were laughed at? But I notice it hasn't stopped the puerile stream of negatives culled from any source, and plagiarised onto here mainly as your own views.

    Fortunately your jaundiced views don't count for much. No comments, I notice, regarding the fact RBS shares are up 5.19% on the day.

    Oh and here we go again, once again i'm a troll very droll, i also remember that last thread and the wording from people like you that N.R. was a one off, and that the other banks would never need rescuing.:rotfl:
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    setmefree wrote: »
    and that the other banks would never need rescuing.


    As previous :-
    Fortunately your jaundiced views don't count for much. No comments, I notice, regarding the fact RBS shares are up 5.19% on the day
    If you want to test the depth of the water .........don't use both feet !
  • ShelfStacker_3
    ShelfStacker_3 Posts: 2,180 Forumite
    setmefree wrote: »
    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

    People did make their own decisions. They chose to ignore the truth (that NR deposits were being entirely underwritten by the government, that Northern Rock was just trying to find an extra source of cash, that they had enough assets to see them through) and instead believe all the scaremongering front page bullsh*t claiming the bank was in mortal danger.

    The media ARE to blame. Rock would have been FINE had a load of gullible idiots not gone and withdrawn hundreds of thousands of pounds over the course of a few days, after hearing unfounded rumours from tabloid scum of their savings being in danger. And now it's happening again, with RBS. I'm genuinely hoping this time none of the people on this site are gullible and paranoid enough to fall for it. Come on, you're all smart people, you know about the £35k guarantee on all saving schemes, why fall for this rubbish again? Withdrawing your savings (the bedrock of almost any bank) is the best thing you could do if you wanted the bank to collapse!

    Or, if you won't take it from me, take it from the BBC (although if you believe setmefree and you're far gone enough to think withdrawing all your money from RBS is a good idea right now you probably also think the BBC peddles leftie liberal PC lies):
    So the bank is in trouble then?
    Not at all. It is not desperately short of capital and there is no huge liquidity problem, like there was at Northern Rock. It has enough money to finance its day-to-day activities, like financing mortgage lending.
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