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Re: RBS 2nd quarter losses top £2billion
It certainly makes the BA losses for the first half of this year of £292m seem pale by comparison...
Anyway I was interested in this article..
http://news.bbc.co.uk/1/hi/business/8345922.stm
Quote:
The UK Treasury is demanding proof from bailed-out Royal Bank of Scotland Group that businesses do not want its loans.
RBS, which is majority-owned by taxpayers, said it would not meet its £16bn business lending target because of "subdued demand" from consumers.
The Treasury told the BBC the bank must publish a "consumer charter" to prove this in the next four weeks.
RBS will also be asked show the terms and conditions of their loans, to prove they are not too harsh.
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Hell is empty and all the devils are here. Shakespeare..
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