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Each of them were explaining the inapt financial system, which taxpayers bailed out banks especially RBS Royal Bank of Scotland; whereby 70% is in our ownership as shareholders. They even condoned the huge pay bonuses that have continued after the bail-out. Yet since the perfect financial ... Read review
Advantages: 1.3 Trillion on balance sheet Disadvantages: Taxpayers own 70% of it
...bailed out banks especially RBS Royal Bank of Scotland; whereby 70% is in our ownership as shareholders. They even condoned the huge pay bonuses that have continued after the bail-out. Yet since the perfect financial storm that through the system into chaos; new blood has been given the wonderful chance of feathering yet more nests. That is Mr Stephen Hester, who replaced shamed Fred “the Shred” Goodwin at the helm at RBS. – The deal is worth 9.3 ... ...and current finances. The shareholders, that is ‘us’ had no say in the recruitment process or package offered. Same old RBS and Westminster illogic; that baffles those who still think we live in a democracy. – Hester isn’t short of a few bob as it is, going by his bright complexion and well nourished figure. Bold bouncy and who wouldn’t be; after a bumper Christmas hamper deal that makes his small current eyes sparkle.
While getting completely brain numbed by politics generally recently, thanks to the paper ripping, feminist, jaw dropping nonsense that cavort these arenas of debate induced with flowery champagne cocktails in the members lounge. I’ve not seen so much mince on display since waiting in the school dinner queue; so I’ve realised why urgent financial matters have been lost with these types of people, who are more at home with licking boots than actually giving the bankers the boot. – Now I’ve seen the bigger picture.
Intelligent law making isn’t required. MP’s simply don’t have it. They are there to make Gordon Brown look better than the average, even though he performs below average. Most of his new policies were old policies that had been left in the filing cabinet marked ‘Save for a rainy day, when the Sun doesn’t shine’. This leaves ‘bankers with a home-run advantage. Lord Levy who conducted the initial inquiry regarding ex Chief RBS Fred Goodwin forgot to ask about his massive pension pot; which now I hasten to add has been forgotten via the media and lost amongst the black-hole of debt the UK public have had to endure. On top of huge bank bail-outs to major banks this year, not once but four times.
Business secretary ‘Prince of Darkness’ Mandelson’s panto styled speech about the banks was exactly what you would expect from the Labour Dame. Highly entertaining all for the wrong reasons; maybe it was because he was in the ‘Gay’ capital of UK, eager to sample Brighton’s bars of cockles and mussels. He certainly gains support in just charismatic gesturing with just one flicker of an eyebrow, compared to Darling, whose innate morose approach was styled on a shipping forecast.
Each of them were explaining the inapt financial system, which taxpayers bailed out banks especially RBS Royal Bank of Scotland; whereby 70% is in our ownership as shareholders. They even condoned the huge pay bonuses that have continued after the bail-out. Yet since the perfect financial storm that through the system into chaos; new blood has been given the wonderful chance of feathering yet more nests. That is Mr Stephen Hester, who replaced shamed Fred “the Shred” Goodwin at the helm at RBS. – The deal is worth 9.3 Million pounds after three years of revamping the public image and current finances. The shareholders, that is ‘us’ had no say in the recruitment process or package offered. Same old RBS and Westminster illogic; that baffles those who still think we live in a democracy. – Hester isn’t short of a few bob as it is, going by his bright complexion and well nourished figure. Bold bouncy and who wouldn’t be; after a bumper Christmas hamper deal that makes his small current eyes sparkle.
RBS certainly know how to rub the public faces into the muddy soil. The deal is of course covers many escape goats as a goat hurder. – This is what angers the unions and shareholders. Hester has to double the share price within three years to hit the target. Potentially he could just sit his large rear and watch Jeremy Kyle all day while eating jam doughnuts and still hit his target; the share price was initially that low. – Welcome to banking, at the top. Where even poor performances can be dwarfed by obscurities can pay a hedge fund manager enough for a small island; one that hasn’t been hit by a tsunami yet.
RBS has been effectively given without too much hard graft a mind boggling 20 Billion by an administration that claims it is a great opportunity for the UK taxpayer who will reap rewards in the long term, so our trust is in a ‘fat cat’ chief named Hester, who is a banker. I predicted the banking bust in February 2007; and mark my words the components of RBS equity will be sold off during the next ten years to cover up dismembered figures which potentially would make Frankenstein look like a Shrek fairy-tale.
Basically, Hester will infiltrate huge cuts in workforces throughout the branches and I mean also NatWest who RBS bought in 2006. – Hence why NatWest have been given a massive advertising budget in 2009 to let the UK public know what changes they’re making with weekend openings; if in the next quarter the figures do not show green roots a further 30,000 employees will lose their jobs; while already multi-millionaire Hester can still endorse his bumper deal at RBS by catering for shareholders and going offshore, by playing the hedge fund game and that is by taking huge sums of cash and doubling up in tax havens across the globe. – Netting huge profits for accustomed shareholders and meeting targets that Westminster profoundly assumes will be tough. It isn’t just about Hester’s salary the Unions should be furious about. It is the unjust means in which the financial ‘free market’ system works as it doesn’t help for an ethical practice across the spectrum for the RBS employees.
For individuals who have ethics in this sector, the package is outrageous for a CEO whose being paid by UK taxpayers. Hester must have thought ‘I’m going to redecorate my HQ just like Elton John’s walk in wardrobe’. – Hester can use the financial tools already in-place that got RBS in the mess they originally got into that will repeat the risky dangers that stalk the Capitalistic free market syndrome, learning absolutely nothing in what the toxic sub-prime markets can do to any lucrative corporation. RBS will endeavour short term wealth but won’t learn from past events. The main problem for RBS is making a toxic debt package worthy of buying for competitors, at present the global financial sector is at stalemate, that won’t budge so freely till 2014, that is if a second wave to the perfect financial storm doesn’t hit the shores and if that happens Hester would still get his pay-off and huge pension bonuses, because RBS can prove they were not responsible. Hester has three years tinkering with markets without making a major splash. He doesn’t even have to stick his head out of his ivory tower.
This last year RBS have displayed no funding cuts in corporate entertainment to privileged shareholders and other ‘fat cats’ who cream off the dismal financial ruin the UK has endured. Over 300,000 pounds was spent on Gland Slam events like Wimbledon, this is after the unlawful acts that lead to 24 Billion record losses, due to non regulation and a poor FSA team. Who in fact deplore RBS’s stance on corporate entertainment to that magnitude, but this is what you get when the regulatory body is too weak to reform measures of what is required.
I don’t take the same stance of US Paul Krugman the Nobel Prize winner in economics; he claimed that Gordon Brown has changed the financial world, because before changing the world financial system you have to change your countries financial system, to prove it works. He is incapable of even passing through rules via the FISCAL stimulus, so all that he says on the economy has to be fitted with the rhetoric he continues to display to the UK public.
RBS has a balance sheet of 1.3 Trillion, to put this into reality, the whole of the UK generates 1.5 Trillion and that was before the down-turn kicked in. The size of banks has got too big; RBS needs strict regulating by the FSA so new powers have to be drafted to enable deals to be capped during a recession period. For Hester to hit his target and reach for a huge pay-check in 2012 the share-price will have to be 70p, it really is a game of roulette, he will make even more money from private accounts alone so Westminster would of missed that trick. - The ‘Free market’ is a highly risky genre, when it comes to dissolving people’s lives and incomes. – Yet no-one is accountable to the demise of a nation.
Advantages: They provide the best on-line banking service Disadvantages: Too many to list
...it turned out to be Royal Bank of Scotland. Being a little biased and overpatriotic I thought it would be a good thing to join a Scottish bank. They even claimed that they would offer me 20 pounds if I joined them so how could I refuse. Sadly, this bribe payment never actually appeared in my account, despite all the complaints. Mistakenly, I continued to use them ever since, much to my disappointment on many occasions when dealing with them.
*** ... ...I have made any unusual transactions like international money transfers, RBS inevitably seem to get something wrong. It was not so unusual for them to make discrepancies in any transactions made and even make simple mistakes like charge me for a service that is meant to be free. I believe this must be due to the lack of staff at any given branch and also because of the lack of training. The queues are horrendously long and when I look into other ...
flurey 10.04.2003 (11.04.2003)
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Ciao members have rated this review on average: very helpful Review of Royal Bank of Scotland
Advantages: On balance, service received has been adequate Disadvantages: mindless bureaucracy when it counted
...my little experience of the Royal Bank of Scotland MasterCard service, which came to its crescendo last week.
Now I have had the Royal Bank of Scotland card for years and years. Eight or nine I guess. Customer service in all that time has been fine. It must have been because I cannot remember anything to tell you. My statements arrived on time; I never had any issues with missing payments, strange debits, the call centre, or the ever increasing ... ...than I actually owed the Royal Bank of Scotland. This left me £200 in credit with RBS. I phoned and asked for a refund on at least three or four occasions over several weeks before this was resolved. It was especially frustrating as I had just taken redundancy and was trying to balance my income and expenses. Anyway, my latest customer service experience with the RBS has left me no longer a customer at the Royal Bank of Scotland. I moved house you ...
helencbradshaw 09.02.2003
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Ciao members have rated this review on average: very helpful Review of Royal Bank of Scotland
Advantages: Respectable company Disadvantages: Not always competitive
...an account holder with The Royal Bank Of Scotland. (RBS) I am happy overall with the way in which they help me handle my account, and I have no hesitations in recommending the RBS to anyone else. My Account
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I currently have a Route 21 Account, which is for people aged between 16-21. This is normally a very popular account with students, as when you are in this account, you are entitled to many offers, ie free entry into loads of top ... ...clubs etc. The Royal Bank Of Scotland
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I think this is a great bank to be with because you know it is a company that is highly trusted and very reputable. In all of the RBS banks that I have been into, the staff are nice and friendly and the banks have a friendly, calm atmosphere. The General Staff service is good, they are efficient and professional.
Stuck For Cash??
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If you are in need of money, The ...
carol_uk 16.12.2002 (20.12.2002)
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Ciao members have rated this review on average: very helpful Review of Royal Bank of Scotland
Advantages: Range of products, staff can be helpful Disadvantages: lack of communication
...Accounts
I joined the Royal Bank of Scotland in 1994 with a student account at their branch in Middlesbrough. Staff there were very helpful and explainned everything to a novice banker. The account carrys an interest free overdraft of up to £2000 which I didn't need until I became a post-graduate and had a lot of other debts. By then I was living elsewhere but quick phone calls to the bank always resulted in the overdraft being increased until it ... ...with most high-street banks the Royal Bank offers personal loans. Typical rates are about 6.8% but you get a better deal if you are an existing customer, ideally with a Royalties account, or if you apply online.
In 97 I asked them for a career development loan to fund an MA. At the time only Barclays, RBS and the CO-Op offered this sort of loan. RBS refused me, despite my pleading and existing account.. They didn't explain their decision either. ...
wehrwulf 07.06.2004
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Ciao members have rated this review on average: very helpful Review of Royal Bank of Scotland
Advantages: Brilliant online banking Disadvantages: too many!!
...of the other reviews I can't really decide on which bank to choose. All banks have their flaws, no one is perfect. Certainly not The Royal Bank of Scotland.
Thank you to anyone who has spared the time and the willpower to read my long review. ...
thejigglyone 19.07.2005
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Ciao members have rated this review on average: very helpful Review of Royal Bank of Scotland
Staff courtesy
Promptness of service
Efficiency of service
Competitiveness of char...
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