RBS’s past sins are still shaping the bank’s future | Jill Treanor
by Jill Treanor from on (#23M61)
Calls to turn the bailed-out Royal Bank of Scotland into a network of local lenders are bound to intensify now that it has failed its annual health check
Eight years after the banking crisis, Royal Bank of Scotland (RBS) has failed its annual health check. If this were a medical before getting life insurance, it would be like a doctor telling the patient to get fit; it is not notice of sudden death.
Related: RBS fails Bank of England stress test
Related: RBS may be fined more than $12bn to settle US mis-selling scandal
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