Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Today's losses reported at £766 million up from £300 million last year
whilst we should applaud the changes in bonus's down from £700 million to £400 million in the past year, and to reduce to £300million in the next year, hopefully we will see the reported changes to go in the right direction and the chief executive continue to turn around this bank's fortunes(no pun intended)
Although the losses look big, forecasters indicate year on year we are to see the bank's fortunes change
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
The bank is back to profitability and is now on a sound footing thanks mostly to the efforts of the new management team. But losses are still accruing from legacy portfolios for which the present team can hardly be blamed.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
PETER;
I have tried to give a balanced view on this issue
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
I was not disagreeing with your post Keith, just giving a little background detail.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
strange my posts keep coming out twice
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Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Trying to get my head round,
if the R.B.,S is in profit
why has tax payers dosh to the tune of £45 billion been required
is that realy profit?
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Guest 698- Registered: 28 May 2010
- Posts: 8,664
No Keith it's capital. Capital and profit are different things.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Keith, RBS has a loss of £2 billion to report for 2011, and the bonus is almost 800 million.
We pay the bonus, as taxpayers.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
No Alexander - it does not work that way.
DT1- Location: Dover
- Registered: 15 Apr 2008
- Posts: 1,116
I think what we need here is some kind analogy to household budgets. Let's face it, the Conservative party often use this analogy to explain the economy, so surely it must be possible in this case.
It seems perhaps that RBS family are now 'back at work' and making money. The problem is perhaps that they are still in debt to a family member but STILL going on their 2week holiday. They are also still wasting money on smoking and sky TV.
The people that lent them the money are annoyed.
I mean, you wouldn't run your home finances like this...would you?
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,895
What a good analogy
I might show the above post to my oldest grandson I gave up on ever getting the money he 'borrowed'.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
DT1
Very interesting the way you put it.
lloyds today also announcing big losses
both banks we can only live in hope that they turn it all around
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
Sorry DT1, I am afraid that it does not actually work, that one, as it suggests the people who got RBS into trouble are the same charged with getting it out of trouble and, of course, it was that 'family member' lender that encouraged them to do the silly thing that got them into trouble in the first place...
Both bank leadership teams are doing what is needed we just have to hope that the anti-business sentiments some here and others express does not hinder the process too much.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Perhaps that 'family member' lost oodles of cash backing racing certainties and then borrowed a substantial sum from the family. Yes, this was to finance further gambling and yes winners have been backed...
BUT
Yet more winners need to be found, and they don't come along every day and it is the way the 'family member' lives...so, even though the money is there to pay back the 'fm' still needs it...just in case. Plus, because of the seriousness with which the 'fm' conducts business;attending meetings, rubbing shoulders with and wining & dining owners, hotels, fuel for the necessary reliable car (RR?), and given that there is a boycott and a surrogate must do the actual business (and needs paying hugely)...The 'fm' is sure that things will work out and the family will get it's money back...gambling is gambling is gambling, after all.
That the 'fm' continues to live the high-life and the family cannot..the 'fm' is on the case...just you wait :)
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
TOM';
You often have a different outlook that can be refreshing
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
and utterly baffling. But still, as long as he is happy.....
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
wonder how many forumites support the bonus's
wonder how many dont
looking now that lloyds has also returned to making big losses
public opinion is strong on this what do you all think
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
How many know about exactly what they are for or against? From what I have read ignorance (in its true meaning) rule on the issue.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
if that is true barry the natural follow on would be an exam on politics before any us could vote in an election.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
thats one in favour (post 18)
one against
so far then
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