UK bank RBS continues to do itself no favours after millions of shoppers who bank with NatWest and RBS were unable to use their credit cards or access their accounts after ‘technical glitches’ struck on one of the busiest shopping days of the year.
In what universe?
RBS made a loss of £5.2 billion last year, the fifth consecutive loss since being taken over by the state in 2008, yet it paid out bonuses of £607 million (of taxpayer money). Only last month the bank was fined £381 million for rigging Libor rates and has set aside a further £1.1 billion to pay compensation to customers mis-sold payment protection insurance, …