Here’s what I can’t understand. The Government owns 62%, a huge majority stake of one of our biggest banks. They’ve taken over the railways and put a large chunk of the furloughed (me neither) population on their payroll. Surely RBS could effectively become a national bank for the duration? It would avoid all this fannying around with the other banks whom you can bet would suddenly be keen to compete. Or am I missing something?
“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...
