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|User Info||The Jester Has A **Problem**; entered at 2012-06-25 08:42:30|
Registered: 2009-10-12 UK
Luckily I am not with this bank.|
From what I have heard, it doesnt look like this if funding related at all. Given that the state now owns 87% of RBS, the solvency of the bank shouldnt be any more of an issue than the solvency of the state. (Yeh, I know).
It seems that more of an issue is the offshoring of the IT work. Apparently there have been lots of redundancies and the people who were let go were probably doing more than the board realised. Of course the result of this is a lot of people are now going to withdraw their money from the bank, no point in putting it there if you cant get it when you need it.