ROYAL BANK OF SCOTLAND WARNING

Nightglow said:
I just used the Daily Mail as it was first one up when I googled, my bank manager warned me on Wednesday & again today to avoid the RBS for a account.
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If your bank manager is implying that you should remove your money from the bank and basically attempting to encourage a run on his bank then he's quite startlingly daft.

While Santander has been downgraded by one rating agency it remains unchanged with the others and it's certainly worth noting that the UK arm is a much healthier state than the parent - not forgetting that it wouldn't be allowed to ruin itself just to bail out the parent institution. While we're at it the FSCS guarantee of £85,000 per investor would also apply but if all those things don't reassure you then there's not an awful lot I can add that would serve that purpose.
 
I'm sure i do remember a Santander advert from around the time of the UK banking problems hinting that people should move to them because they were safe and Spanish.

Not too much sympathy for them now.
 
In case it's not absolutely ****ing obvious from my other posts I work for a competitor of Santander, and we benefit signifciantly from dumb runs against them - as we did Northern Rock etc.

In fact if even 25% of Santander customers were to move away then my bank would gain to the point where profit sharing would benefit me significantly.

So perhaps it's of some kind of merit when I say that money in Santander, outside of the 85K guarantee is perfectly safe, and it's only lazy media that are interested in moving money because it's an easy story.

Your money is safe.
 
Nightglow said:
With the Spanish banks being down graded, seriously consider looking for another bank account, my local HSBC, has had a run on customers changing accounts.
Even though I don't have a RBS account, my bank manager warned me to expect things are only going to get worse in the coming weeks with the RBS & Santander.
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The Halk said:
In case it's not absolutely ****ing obvious from my other posts I work for a competitor of Santander, and we benefit signifciantly from dumb runs against them - as we did Northern Rock etc.
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The Halk said:
Would you like to qualify that slander in any way?
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there?
the bank manager of hsbc was saying take your money out of santandare something you say profits competitors.

how is it slander unless you're the op's bank manager?
 
Tefal said:
there?
the bank manager of hsbc was saying take your money out of santandare something you say profits competitors.

how is it slander unless you're the op's bank manager?
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It's a bizarre post from Halk. He's a huge pedant, sure, but usually reasoned. No idea how I've been slanderous.
 
Ahleckz said:
It's a bizarre post from Halk. He's a huge pedant, sure, but usually reasoned. No idea how I've been slanderous.
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I'm not sure if that's a compliment or not :p

I was drunk last night and misread the original post. I thought the HSBC manager was saying that the queues of people moving accounts would get worse, rather than him saying (or implying) that RBS and Santander are in some way unsafe. There were large queues of people at banks when Northern Rock struggled, and as it was reported in the press it snowballed.

Because of that I thought you had pulled it out of the air that someone was saying Santander was unsafe, and you were saying it was someone in the banking area for their own gain. That's why I asked you to qualify it, I think your confused response was because you (probably rightly) felt it was blindingly obvious what you were referring to.

Re-reading it today I think it's likely he was making implications about the safety of Santander deposits, which is completely irresponsible.
 
zuludawn said:
RBS set to pay back last of £163bn loan from taxpayer
Royal Bank of Scotland will on Friday confirm it has all but repaid the £163bn in emergency loans it received from British and US taxpayers during the financial crisis.

http://www.telegraph.co.uk/finance/...ay-back-last-of-163bn-loan-from-taxpayer.html

Who has got no money lol!
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....and where did RBS get the money to pay back the bail-outs????? From US, the taxpayer....the customer.

It's a ****in' joke how little people understand what's going on :(.
 
The Halk said:
Yeah. Imagine a company making a profit. That's terrible!

facepalm.jpeg
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Like paying back £163 billion in what was it 2, 3 years, that's not profit that's debt. Plus they still payed out some £5 million in bonus this year get a grip. Something is seriously wrong here.
 
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MOFO64 said:
....and where did RBS get the money to pay back the bail-outs????? From US, the taxpayer....the customer.

It's a ****in' joke how little people understand what's going on :(.
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I'm sorry but I'm not sure I'm understanding your problem here. RBS have paid back the loans - isn't that what we want them to do? I'd have thought it was worse if they just kept the money and didn't bother to pay it back.
 
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