Unbelievably, in its pomp and at the height of its powers, RBS’s balance sheet was larger than the whole of the UK economy. Little wonder that its management lost control of the worst of its staff or (depending on your viewpoint) felt they were so big and powerful they didn’t need to give a monkey’s, pardon my vernacular. Has that type of corporate arrogance now been tamed and controlled? Or are present administrations more, or just as, likely to turn a brotherly blind eye to it all? Answers on the back of a cheque book, if you can find one, please.
“Banks fined €1bn by EU for currency rigging”
Bank deregulation was another great, '80's idea, as a result of which many a pigeon is still coming home to roost. Your friendly, high street retail bank (now a wine bar or pizza joint) was suddenly able to become a merchant bank/stockbroker/forex trader/financial...
