So here we go again, the banks are back. It was just six years ago that Lloyds pulled out of financial advice. Suddenly you could pay money into your account without being collared for ‘an appointment with one of our advisers’ as the counter staff desperately tried to meet their sales targets. This time, of course, it’s going to be so much better and their boss says, ’We have a very different culture and approach in terms of what you were used to 10 years ago.’ Wedges and thin ends. I’d say.
“Bank of Scotland fined £45.5m over fraud failure”
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...