In These New Times

A new paradigm for a post-imperial world

RBS losses breach £5bn

Posted by seumasach on February 28, 2013

Asked on ITV Daybreak if the taxpayer would ever get back its money, RBS chairman Sir Philip Hampton said: “I don’t know. We’ll do our best”.

I know. The answer is no.

RBS boss admits ‘chastening’ year as losses breach £5bn

Guardian 

28th February, 2013

Stephen Hester, the boss of Royal Bank of Scotland, admitted 2012 had been a “chastening” year as losses at the bailed-out bank widened to more than £5bn – and still paid out more than £600m in bonuses.

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