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| UK Finance (uk.finance) Discussion about Finance issues in the UK. |
| Tags: forecast, lose, ooo, rbs |
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#1
February 8th 10, 11:04 AM
posted to uk.finance
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RBS forecast to lose £7,OOO,OOO,OOO.
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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