It is recently revealed that Royal Bank of Scotland/Natwest (RBS) Group, one of the UK banking 'big four' has in fact been haemorrhaging £735,500.00 ($867,000.00) every HOUR since the financial crisis of 2008 and a UK Government bailout. Despite massive staff cuts and branch closures, the bank has lost over $8 billion last year.
An attempt to hive off a further 300 branches to another bank has fallen through - as it has become clear that the new 'stand-alone' bank that they intended to create would not be able to survive.
All this time, during which RBS share price has dropped 97% from their peak in 2007, the bank, which remains 71.5% UK government owned, last year paid out £343 million in bonuses.
Imagine, for one moment, a ship-building, car or truck manufacturing or mining concern clocking up more than £50 billion in losses over the past seven years at the expense of the ordinary tax-payer? Just wouldn't happen, would it?
Bankers ..... you just gotta love em.