Reply to post: Re: Ulster Bank fine

Giant bank IT cockup of 2012 'could have brought down ENTIRE financial system'

Anonymous Coward
Anonymous Coward

Re: Ulster Bank fine

"If they're both (parent and child) that incompetent, why weren't they forced out of offering financial services? "

RBS are the biggest bank in Europe, and are protected by two talismen: their vast lobbying influence, and their "too big to fail" status. And who would benefit? The behaviour of other banks is almost as reprehensible - they all got fined over PPI, for example, even the "ethical" Co-op bank had to put aside hundreds of millions of pounds for this.

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