Once fully privatised, why should the Royal Bank of Scotland behave differently than in the past? The truly depressing thing about this week's £2bn RBS shares sell-off is not that it was an underpriced giveaway to the City (though it probably was) but that we can't think of banking in any other way than rescuing them when they go wrong, then handing them back to private hands when it's going right. Labour's tepid response has been to criticise the share price achieved, suggesting if only the ch...
Once fully privatised, why should the Royal Bank of Scotland behave differently than in the past? The truly depressing thing about this week's £2bn RBS shares sell-off is not that it was an underpriced giveaway to the City (though it probably was) but that we can't think of banking in any other way than rescuing them when they go wrong, then handing them back to private hands when it's going right. Labour's tepid response has been to criticise the share price achieved, suggesting if only the ch...
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