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Treasury wants more answers from Royal Bank of Scotland
Tajikistan News.Net
Monday 9th November, 2009
The UK Treasury has asked bailed-out Royal Bank of Scotland Group to advise why businesses do not want its loans.
RBS has told the government it will not meet its £16 billion business lending target because of subdued demand in its loans department.
The Treasury has asked the bank to publish a so-called consumer charter to prove their conditions for loans are not proving too onerous for the business public.
The government has said it will inject another £33.5 billion into RBS, taking its stake in the troubled bank to 84%.
It is already 70% owned by the taxpayer.  Email this story to a friend
Comments on this story
Noobz
11-10-09, 04:57 AM |
UK Treasury asks for proof from RBS
So very glad to see you take the UK banking crisis seriously in Takikistan.
...It’s something of a worry to us in England also!!
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flamingo13
11-10-09, 12:55 PM |
Hot air balloon ride
Several years ago I took a ride in a hot air balloon for charity. The event was sponsored by the Royal Bank of Scotland logo and the balloons all had the logo on the sides.
Now whenever I see that logo I’m always reminded of that warm summers day drifting above the cloud line without a care in the world...
Less than 12 months later the RBS share price collapsed and steamrollered my savings into the ground.
Still, lovely balloon ride.
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ph15696
11-10-09, 01:54 PM |
Subdued demand for RBS loans
The subdued demand is due to the doors into the loans department being locked and barricaded to customers other than fellow banks
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