After posting the rumour that Royal Bank of Scotland (RBS) were going to record the biggest losses in banking history earlier this week, they actually announced a pre-tax loss of £691m for the first half of this year. That's almost £1.1 billion less than the
Times guessed, but what's a billion here or there.
Meanwhile, to celebrate such a great result, RBS are hiring lots and lots of mortgage
advisors for their UK NatWest and RBS branches.
Obviously the credit crunch hasn't worried them too much.
Mind you, there are many commentators who have picked up on the fact that RBS, Fortis and Bank of America have all suffered the curse of the ABN AMRO acquisition.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
