Tag Archives: Royal Bank of Scotland

Royal Bank of Scotland Implodes; ‘Depression’ Like the 1930s Foreseen

The Royal Bank of Scotland (RBS) will reportedly soon announce it will be cutting many thousands of jobs amid financial losses of tens of billions. The majority government- owned bank was recently so highly leveraged that, though essentially worthless, its  … Continue reading

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An Independent Scotland Could Be Another Iceland Banking Collapse

One reason why the British government and the City of London do not want an independent Scotland, is that the greatly oversized Scottish banking system could lead to a banking crisis worse than Iceland’s, according to the Daily Telegraph. Standard … Continue reading

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FDIC Sues 16 Mega-Banks and British Banks’ Association Over LIBOR Interest-Rate Rigging

On Friday the Federal Deposit Insurance Corporation filed suit against 16 of the world’s mega-banks, and against the British Banks’ Association, for colluding to rig the interest-rate-reference figure, the Libor (London Interbank Offered Rate). This action follows many other lawsuits … Continue reading

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‘Delayed Glass-Steagall’ Amendment Narrowly Defeated In U.K. House of Lords

A long debate on the Glass-Steagall Act in the House of Lords Nov. 26-27 saw the U.K.’s Cameron government battling on behalf of City of London banks, to avoid the prospect that Glass-Steagall bank separation be set up as the … Continue reading

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Burning the Bondholders – That’s Irish for Glass-Steagall!

Ahead of the report to be issued sometime this week by the British Parliamentary Commission on Banking Standards, BBC business editor Robert Peston has suggested that “another, more radical option is also being assessed by the Treasury”. This would involve … Continue reading

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“Any decision on Ulster Bank must protect customers not British Treasury” – McKay

June 6th, 2013  (Sinn Féin news) North Antrim – Daithí McKay Commenting on speculation that the British Treasury is considering off-loading the Ulster Bank from the liabilities of its parent company, Royal Bank of Scotland (RBS), Sinn Féin Economy Spokesperson … Continue reading

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THE EMPIRE’S BANKS THAT WANT YOUR MONEY AND YOUR LIFE

KNOW THE EMPIRE THE EMPIRE’S BANKS THAT WANT YOUR MONEY AND YOUR LIFE 1 June (EIRNS)–Just who are the banks, whom the Empire’s servants in the G-20 and elsewhere, want to save, at the cost of your money and your … Continue reading

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Again, Financial Derivatives are Crimes; Abolish Them

Feb. 5, 2013 (LPAC) — Again the biggest UK banks — all of them — are found committing financial crimes and are going to pay collective fines of another $1.5-2 billion. Again the crimes are financial derivatives. Again another group … Continue reading

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Bad Day for the Banksters and Their Fellow Travelers

Despite the seemingly unlimited human sacrifices willingly offered to the banking gods by stupid and morally bankrupt governments, notably our own, the banksters and their fellow travelers continue apace with their gambling and wanton criminality, bringing us ever closer to … Continue reading

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Gensler Says LIBOR Still Being Rigged

Sept. 26, 2012 (LPAC) — London Interbank Offered Rates (LIBORs) are {still} being rigged, and should be ditched and replaced by other interest-rate measures, said Commodities Futures Trading Commission chairman Gary Gensler to a conference at the European Parliament on … Continue reading

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