The head of RBS Stephen Hester has issued a scathing attack on the banks current owners, blaming them for recent heavy losses.
Hester told reporters the £3.6bn losses were largely down to bad loans taken out by the current owners who were now unable to service their accounts.
'The new owners have sold RBS short on this deal. We thought things would improve when they took over but nothing has changed. Our losses clearly show they are the root cause of this current crisis, things were fine until they came in waving their cheque books and making ridiculous demands.
Thankfully we still own around 16% of the bank which is just about keeping us afloat
We are struggling to scrape £1.3bn to pay staff bonuses. As a result, many of our top people have left and taken their bonus demands elsewhere.
It will be interesting to see how they get on without the meddling and interference of these toxic amateur financiers.
Liberal Democrat treasury spokesman Vince Cable said that making hefty payouts to individual bankers was like 'a Premiership footballer who thinks having a huge dick is some sort of bonus '
Mr. Hester said that this year 'he would be waiving his bonus at the current owners instead of taking it himself'.
RBS blame new owners for heavy losses
(1 post) (1 voice)
The head of RBS Stephen Hester has issued a scathing attack on the banks current owners, blaming them for recent heavy losses.Posted 5 years ago #
You must log in to post.