If you want to know the signs of greed, incompetence and lies that led to the bankruptcy of RBS, then you must read the shard: Inside the Royal Bank of Scotland (RBS), Ian Fraser broke the British bank.
I believe that if many of us are demanded to define morals, we may choose to agree with what is common to our fellow citizens. Perhaps we can further expand this scope and say that we should include our understanding of the impact of our actions on the lives and people around us. If these are indeed reasonable approximations of the basic morality, then RBS clearly has problems in this regard.
The first few hundred pages of torn shredded with the adventurous story Fred Goodwin CEO of RBS. They also detail the commonality of his senior directors, preventing any one of them from doing their part to question his futile recklessness.
However, only when you approach the end of this turbulent book ends up with something truly alarming: it was a long-ago institution that chose human factors because it was crazily obsessed with being the world’s top four financier mechanism.
Its clients only want to assign their responsibilities on a regular basis, honestly or even with some degree of sympathy and understanding during times of economic uncertainty or difficulty. But what do they know?
Last week we received another small needle freed from this greedy and inhumane tapestry. It looked at a memorandum written by a manager at Royal Bank of Scotland in 2009 to advise her colleagues on how to deal with small businesses that had difficulty repaying loans.
“Sometimes you need to hang up the customer yourself, and then you get the trust that they know what will happen in the future, missed opportunities will mean missed bonuses.
The Westminster Finance Committee has listened to the commercial loan practice of the bank’s controversial global restructuring group. This equipment, like an organization’s death squads, puts customer revenue in emergency arrangements before life support is shut down. Who cares how many lives have been destroyed and lost their jobs? As long as the budget was hit, the bank won the prize and the public could get 45 billion pounds for relief.
In another meeting in Westminster last Wednesday, RBS chief Ross McEwan faced a scot-scandal over the closure of Scotland throughout the Scottish House of Commons Select Taskforce.
Again, the details of the closure of 62 branches are not as alarming or even as large as the scale, but the way in which human factors are peeled off from the bank’s calculations and projections.
Bald words, you can turn off some branches. The life in this country is now managed mainly by applications on the smartphone. Many bank branches are seeing less customer traffic and the way in which banks allocate services also needs to change significantly.
Royal Bank of Scotland, which has been under pressure from the government to begin turning its continuing losses into profits, has decided to answer Scotland as one-third of its branches are closed. However, it faces accusations that the estimated size of its unemployment is unbelievable and does not fully explain why the closure of the branch office is taking place.
Curiously, Royal Bank of Scotland claims that its replacement service will improve services previously provided. If less than 10 community bankers are better than 62 branches, then the issue will not be immediately explained.
“We think Royal Bank of Scotland has violated the agreement to close the banking branches,” both the Banking Access Guidelines and the Banking Access Guidelines stipulate that banks must carry out an impact assessment of the closure of each branch, Communicate impact assessment with local customers and stakeholders. ”
This response, though strong, hinted at the inhumanity of the recommendations of the Royal Bank of Scotland. Many seniors and older people with reduced mental capacity still prefer to use the old banking practices. When leaving rural and remote areas, this type of banking is not available and when planning to shut down ATM machines, they may have a serious impact on their lives.
Concerns about the affordability of food and energy become very real. The physical nature of Scotland means that these communities are larger than the rest of the UK. The extra costs that are present in the Barnett formula are in service in these places.
Basically, the RBS said: “We do not care about these people, they are the wrong people, they live in the wrong place, they do wrong, they spend our money.” They are the parents and grandparents using this bank , While banks, like other banks, use these banks to charge fees and weaken lending rates.
Stripping the least profitable part of the business, just as the Royal Bank of Scotland closed its branches, is often the first step towards mass private sales. Of course, will not the government allow this to happen to institutions that hold the largest share of taxpayers in Britain?