Tag Archives: Crash 2 : Urgent – RBS On The Edge… But Don’t Miss Summer Recess Sir Humphrey

John Ward – Crash 2 : Urgent – RBS On The Edge… But Don’t Miss Summer Recess Sir Humphrey, Whatever You Do. – 11 June 2012

Some of you will be fed up of hearing me issue RBS warnings, but equally, some of you may have spotted that there’ve been murmurings in government about the bank over the last few days. I find this muttering very disturbing. This from last Friday’s FT (my italics):

‘The UK government’s ownership of Royal Bank of Scotland is likely to be reinforced before it is reduced, the UK bank’s chairman Sir Philip Hampton has indicated, with an autumn-time capital restructuring being discussed with regulators. RBS is locked in three-way talks with the Financial Services Authority and the government, which owns 82 per cent of RBS, to decide a mutually acceptable way of restructuring‘. Continue reading