even I can deduce that a business which haemorrhages money at double the rate it did last year to the tune of 2Bn smackeroonies is most definitely circling the drain.
For said state owned business to then tell us that while losing 2bn of our money it has decided to reward the incompetent dipshits who have squandered said moolah with three quarters of a billion.
Note the slimy bankers speak towards the end too:
“RBS had to set aside £850m to compensate people who bought payment protection insurance they didn’t need.”
Bought insurance they didn’t need? More like were ‘pressurised or just plain tricked into buying’ Mr Banker. I sincerely doubt the courts would have ruled in favour of the borrower had it simply been a case of ‘bought something they didn’t need’. They were actually sold something, often as a condition of lending, which was about as much use as a chocolate firescreen.