“Royal Bank of Scotland has lost all the money invested in it by the taxpayer six years ago when the lender came close to collapse. The bank has confirmed its total losses since its bailout have now drawn level with the £46bn pumped into it in 2008 in return for an 81pc stake. RBS made a loss last year of £8.2bn, its sixth consecutive annual loss, taking its cumulative losses to £46bn. The scale of the losses means that all the capital provided by the taxpayer has now been used up dealing with the toxic legacy assets on the bank’s balance sheet. Despite, the loss RBS said it had put aside £576m to pay staff bonuses for 2013.”
RBS has lost all the £46bn pumped in by the taxpayer
- Post author:The Freedom Watch Staff
- Post published:February 28, 2014
- Post category:Economy / END the FED / Network Archives / News / The Freedom Watch
Tags: Bailout Fail, Bankocracy, CLibertyC, constitutional liberty coalition, economic Trends, Europe, for life and liberty, History Repeating, Mainstream News, Resistance, sound money, The Freedom Watch, Too Big To Succeed
The Freedom Watch Staff
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