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RBS slumps to one of biggest losses in UK banking history

telegraph.co.uk — Sir Fred Goodwin, the chief executive of Royal Bank of Scotland, insisted today that he was the right person to take the lender forward despite revealing one of the biggest losses in UK banking history.

Who dugg this? Made popular Aug 9, 2008

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38 Comments

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  • kplo, on 04/01/2009, -3/+27here comes the global depression!
  • inactive, on 08/08/2008, -5/+21Blame it on the U.S., everyone else does.
  • barcelona10, on 08/09/2008, -0/+14don't bother taking your money out of the bank, by the time this is over money wont be worth anything...
  • RegularJohn, on 08/09/2008, -0/+13I keep my money in a whole in the backyard all i have to worry about is gophers!!!!!!!!!!!
  • ironeus, on 08/08/2008, -2/+13Calling all knights!
  • inactive, on 08/09/2008, -1/+12Wow RBS...Looks like every bank in the world is being effected in a pretty major way!!! No there is no recesion coming soon nor are we in one.
  • inactive, on 08/09/2008, -4/+12zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz !!
  • inactive, on 08/08/2008, -4/+12How many bank failures will it take before people no longer put their money in bank accounts?
    I have only a minimal amount in a checking account and gold coins are my savings.
    Year after year they have outperformed bank savings accounts and certificates of deposit.
  • LauraBlu, on 08/09/2008, -0/+7good thing i shorted this one!!!
  • jaidevk, on 08/09/2008, -0/+7It is because of ABN. ABN has faced the all the loses and because ABN has merged with RBS, RBS has written down all the loses.
  • charlieville, on 08/08/2008, -10/+16If they were scottish they were probably wasted all day every day. this is not surprising
  • Iztikeit, on 08/09/2008, -0/+5If we have a global depression I fear for the planet. Not because everyone will be suffering from unemployment and the like, but because of how willing people are to give up their freedoms and rights when things start to get scary and unpredictable.

    That's when monsters take advantage of all the panicky people. The faster the economic boarders dissolve the quicker we can get on with this whole process. But am I alone when I think it's still possible to stop that from happening?
  • inactive, on 08/09/2008, -2/+7Hey dunce, they didn't fail..Put your money in the damn bank
  • Iztikeit, on 08/09/2008, -0/+4I wonder if people still think these crisis and depressions are random...
  • LokitheComplex, on 08/09/2008, -0/+4We (the UK) have already offered money to the banks to save them. Ironically the banks have spent decades telling us you can't bail out failed businesses.

    The people risking other people's money had nothing to win and everything to gain. They knew they were trading in duds. If I sell a car for someone and know its worthless I'm committing fraud.

    Fraudsters broke the system.
  • imitokay, on 08/09/2008, -0/+4to each there own, as long as your money is working for you
  • barbaragordon, on 08/09/2008, -0/+3I do get the feeling that this crunch has much further to go yet. No one dared think of a global recession but I think the possibility is looming ever larger.
  • LokitheComplex, on 08/09/2008, -1/+4Are they in a sock under your bed?
  • inactive, on 08/09/2008, -1/+3it's not real money anyway, it's just keystrokes on a global computer. smoke and mirrors bros, smoke and mirrors. just like those goddam economic indicators. CPI give me a break! Housing starts, yeah right. This is the Matrix.
  • Myonosken, on 08/09/2008, -1/+3Well....
  • waydee, on 08/09/2008, -0/+2Well theres more to it than that, but that's a small part of it sure.
  • inactive, on 08/09/2008, -1/+3If anyone can show me a savings account or certificate of deposit that has been able to hold the value like gold coins please post it. Calling me a "*****" or "dunce" does nothing but show you have no argument and no intellect to formulate one.
    I have been buying gold coins since the ban on Americans owning gold was lifted under President Ford. Year after year they have appreciated in value and there has been no way for the government to tax that increase in value. Prior to the ban on Americans owning gold I purchased silver coins and they too have increased in value faster than any bank savings account or certificate of deposit.
    Northern Rock and IndyMac have failed and both have shown that it is very difficult to get your money out of a failed bank.
    If the namecallers can come up with one single solitary case where the failure of a bank has not led to restrictions on withdrawals, I am willing to learn about it.
    Until then the people who are on here calling names and posting insults are just proving the case that you don't have to be a fool to believe in banks, but it helps.
  • globexdesigns, on 08/09/2008, -1/+2Anyone else think the arm in that photo totally doesn't belong to him?
  • Myonosken, on 08/09/2008, -1/+2You aren't either if you think the banks are failing.
  • Myonosken, on 08/09/2008, -1/+2It was never true...
  • imitokay, on 08/11/2008, -0/+1retard? was that really necessary, its called sarcasm. tool.
  • jagtar, on 08/10/2008, -0/+1and to think i just got my first job as a temp at RBS...heheh
  • motters, on 08/09/2008, -1/+2So much for Scottish prudence
  • kd1s, on 08/10/2008, -0/+1Well now, this is interesting since RBS owns Citizens Bank and the RBS credit card processing network.

    We're going to see a major bank failure in the U.S. soon, my money is on BofA but I think Citizens has gotten a little too big a little too fast and that is going to hurt them.
  • Iztikeit, on 08/09/2008, -2/+2The point is that they have a monopoly on what is considered "money".

    You just aren't understanding the issue in its entirety, apparently.
  • Myonosken, on 08/09/2008, -2/+2Gold coins? God I am sick of you gold *****. THE BANKS AREN'T FAILING.
  • anitaberg80, on 08/11/2008, -0/+0dugg
    http://www.trdnt.com
  • mountainweb, on 08/12/2008, -0/+0news flash - man with parachute on back says "trust me to pilot the plane". And I would put my money in the Royal Bank of Scotland for what reason?
  • ohreilly, on 08/09/2008, -0/+0I don't think this is the time to say that.

    The time to say that was years ago when our esteemed Scottish now ex-chancellor started flexing his muscle.

    Although the present Scottish chancellor isn't doing too well at "prudence" either.
  • DutchGuilder, on 08/09/2008, -3/+2About 3 years ago probably 75% of the commercials British TV were from banks. Still true?
  • imitokay, on 08/09/2008, -5/+2When I read this, I figured digg would implode because they cant blame bush for this


  • Myonosken, on 08/09/2008, -5/+1The global recession is being caused by the middle eastern issues pushing up oil prices retard.

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