Like it or not, you
are an 81% shareholder in Royal Bank of Scotland. So the publication of their
2013 annual results is important on many levels.
Here’s all you need
to know in numbers……
RBS made a loss of
£8.2 billion during 2013. This is the 5th largest corporate loss in history (the
biggest was £24 billion – also made by RBS).
Bonuses of £576
million have been paid to bank employees on the back of these results.
The Government
bailout of RBS cost us £45 billion in 2008.
RBS have reported no
profits and total losses of £40 billion since 2008.
RBS are currently
worth £40 billion based on market capitalisation.
There is no prospect
of any return prior to 2020.
I have looked at
this objectively from many different angles but I cannot get beyond……what was
the point of the bailout?
The numbers don’t
lie.
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