RBS forecast to lose £7,OOO,OOO,OOO.

Feb 08, 2010 0 Replies

After losing £28,000,000,000 in 2008, more losses in 2009. Although these losses will be covered by the Toxic Assets Insurance Scheme possibly,This seems to be a case of robbing Peter to pay Paul. The taxpayer is the loser.The bank is paying out £1.3 billion in bonuses however.It must be very doubtful if it can ever be sold at a profit. I wonder how much the quango set up to look after the state's investments in banks is costing? All in all a disaster.


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