Quote:
Originally Posted by Maggy J
Successful?
From Robert Peston's blog.
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RBS is a massive company with several different businesses (insurance for example) - should the failures of one adversely affect the others? As I've already made clear, if the people getting this money were directly responsible for the banking failures then I'd be very upset but you cannot blame everyone in RBS for the failures of a few. According to the figures in the article there's been a mssive turnround in the overall fortunes of the company so whilst RBS as a whole is still making a loss, the transformation from minus £35bn to minus £2bn is huge and that's hardly a failure. We should all be hoping that the trend carries on and that RBS is returned to huge profits from which the taxpayer can be repaid.