Rbs

[Ozyhibby]

An organisation that just can’t seem to resist criminal behaviour when an opportunity presents itself.
https://amp.theguardian.com/business/2019/dec/13/rbs-to-pay-out-40m-to-customers-over-foreign-exchange-rigging?utm_term=Autofeed&CMP=twt_gu&utm_medium=&utm_source=Twitter&__twitter_impression=true


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[jonty]

An organisation that just can’t seem to resist criminal behaviour when an opportunity presents itself.
https://amp.theguardian.com/business/2019/dec/13/rbs-to-pay-out-40m-to-customers-over-foreign-exchange-rigging?utm_term=Autofeed&CMP=twt_gu&utm_medium=&utm_source=Twitter&__twitter_impression=true


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You're spinning again.
fewer than 10 aresholes - not the organisation.

[Smartie]

You're spinning again.
fewer than 10 aresholes - not the organisation.

I'm not a fan of banks, my business has suffered badly due to some of their action, but - as an organisation does it not sound like they have been pretty much exemplary here? There was a rogue unit within the bank, they stumbled across it and acted very quickly and decisively when they realised they were up to no good?

[Ozyhibby]

I'm not a fan of banks, my business has suffered badly due to some of their action, but - as an organisation does it not sound like they have been pretty much exemplary here? There was a rogue unit within the bank, they stumbled across it and acted very quickly and decisively when they realised they were up to no good?

Have the individuals been charged or quietly asked to leave with no fuss. Exemplary would be bringing in the police.


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[Smartie]

Have the individuals been charged or quietly asked to leave with no fuss. Exemplary would be bringing in the police.


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The article doesn't say.

But surely if there has been fraudulent or criminal activity then the police will be involved?

[jonty]

I'm not a fan of banks, my business has suffered badly due to some of their action, but - as an organisation does it not sound like they have been pretty much exemplary here? There was a rogue unit within the bank, they stumbled across it and acted very quickly and decisively when they realised they were up to no good?

Certainly sounds like they are trying to do the right thing. Hardly the criminal organisation that the OP was making out.

[Jim44]

An organisation that just can’t seem to resist criminal behaviour when an opportunity presents itself.
https://amp.theguardian.com/business/2019/dec/13/rbs-to-pay-out-40m-to-customers-over-foreign-exchange-rigging?utm_term=Autofeed&CMP=twt_gu&utm_medium=&utm_source=Twitter&__twitter_impression=true


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I think they come in for a lot of criticism for this sort of thing but I wouldn’t hold RBS solely responsible for it. I have banked with RBS for 60 years without a minute’s bother. I personally was a victim of what I believe was criminal behaviour by someone or some people, employed by another major bank, who stole a very large sum of money from me. The bank acted quickly and effectively and I still have dealings with them. I think every large financial institution is open to this sort of abuse.

[lapsedhibee]

I think they come in for a lot of criticism for this sort of thing but I wouldn’t hold RBS solely responsible for it. I have banked with RBS for 60 years without a minute’s bother. I personally was a victim of what I believe was criminal behaviour by someone or some people, employed by another major bank, who stole a very large sum of money from me. The bank acted quickly and effectively and I still have dealings with them. I think every large financial institution is open to this sort of abuse.

:agree: A not very large sum of money was mysteriously withdrawn from my BoS account. I queried it and the same sum mysteriously reappeared. I asked what had been going on and their attitude was basically "What are you complaining about, the money's there now." Which I interpreted to mean "Oops someone spotted us".

[Ozyhibby]

The article doesn't say.

But surely if there has been fraudulent or criminal activity then the police will be involved?

That hasn’t been the case in the past with RBS and they have concealed evidence of wrong doing in order to protect the company.


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[Jim44]

Maybe the solution is to keep your money under the mattress, O. :greengrin

I’m not being flippant here. I’m just open to the belief that all major financial institutions are open to employee dishonesty.