RBS : Royal bank of no money
RBS.....Royal Bank of Scotland...One of the biggest banks in the UK. Runs out of money?! Sir Fred Goodwin, was in charge of the services to banking, he was the chief executive of the Royal Bank of Scotland when it ran up the biggest corporate loss in British history which was a loss of a staggering £24.1 billion pounds, which seems strange because at points it was the fastest growing bank in the UK it outgrew every single British bank. It pulled off record-breaking deals, they made billions of pounds in investment banking, its top executives drove the bank forward to become, at one point, the world’s biggest bank, and collected fabulous bonuses along the way. However it all came crashing down in October 2008. They had to be paid out by the British tax-payer, it may not have been the only bank to be rescued but it was the most toxic bank in Britain. George Matthewson, was the chief executive of RBS in 1998, and his time was coming to an end so he had to look f...