RubBiSh

I love this……in an ironic, scratching head, you couldn’t script it kind of way.

 

The story……

 

RBS (you remember them right……you own 80% of them!) were called to Government to answer questions to the Treasury Committee over claims that the bank deliberately killed off very viable firms by requesting immediate repayment of loans as well as making money out of small and medium sized businesses that were in financial distress.

 

Senior RBS directors gave evidence to the committee to confirm that this was not the case. Story over then……or is it?

 

There is a twist in the tale as good as any Agatha Christie……it has since transpired that the evidence given was factually incorrect, manipulated to support RBS and made a mockery of the investigation.

 

And RBS’s response to this? “An honest mistake had been made”.  

 

Given the track record of the banking sector over the last 10 years, the word ‘honest’ is comical.

 

It seems that the banks have not learnt one lesson to me. These so called 'errors' won't be stamped out until a few very senior bankers are imprisoned for considerable lengths of time. Then and only then will the greed of banks be curtailed and a culture of transparency and honesty be instilled.

 

Just a thought.