Transform RBS to avoid mistakes of the past

July 30, 2015

James Meadway, Chief Economist at NEF, said:

“This quarter’s results show even a bank as poorly-run as RBS can make money – even if it is still paying for the greedy blunders it made before the crash of 2008.”

“Instead of rushing to sell its stake at a loss to taxpayers, the government should transform RBS into a network of local banks with a mandate to serve the public interest, ensuring it can’t make the same mistakes as it did in the run up to the financial crisis.”

Related publication

Reforming RBS: local banking for the public good

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