Monday, 13 October 2008


RBS, to the unknown is the forth biggest bank in the world, has been announced the biggest partly nationalised bank in the UK, with taxpayer owning 60% of the bank.

It happened when RBS and merged Lloyds and HBOS received £37bn bail out from the government.

Interestingly, the London Stock Exchange raised 8% and NY Stock Exchange raised 11%.

But, bank shares fall despite bail-out.

What does it all mean then? We'll just have to wait and see.

A report few months back detailing how the big wigs at the banks and City Workers received big bonuses of millions of pounds and thousands of pounds respectively.

One may argue that, 'they get high pay and big bonuses because they have high responsibilities'.

But then what happens when the top guys muck up? They leave their jobs. Sad but perhaps not.

Because they had prolly squirreled away their thousands and millions of pounds salary including bonuses. And a nice little 'gift' for their resignation / early retirement.


There is still a lot to learn...

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