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British Regulator Takes Partial Blame for R.B.S. Failure

New York Times Original article ›

Keywords:


RBS and Lloyd's Banking Group and reckless management.

09/17/2007

Royal Bank of Scotland and Lloyd's banking Group were part of the U.K. bank bailout. This was a case of poor decisions, reckless management and excessive risk taking without attention to possible consequences. Cameron and Osborne of the Conservatives and Mervyn King of the Bank of England voiced criticism of these behaviours that has cost the British taxpayer.

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RBS Chief Hester to Step Down

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RBS Chief To Step Down

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The future of Lloyds: Stuff happened

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Past Sins Haunting Royal Bank of Scotland

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Legal Costs Set to Put RBS in the Red

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RBS Can't Stem the Bleeding

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The European Union leaders insistence on pay curbs to prevent reckless risk taking 2011-2012

02/04/2009

Sarkozy of France and Merkel of Germany insist that pay curbs for bankers be high on the agenda for the G20 meeting in Pittsburgh. They are particularly riled by the huge bonuses bankers are taking in the midst of the continuing financial crisis.

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Banks Seek Bonus Alternatives

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Royal Bank of Scotland to Slash Costs as Losses Deepen

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Wall Street Bonuses Are an Outrage

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U.K. Bankers to Wait Seven Years for Bonuses

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The U.K.'s New Bonus Claw Back Rules

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British Regulators Extend Clawback Rules for Bankers’ Pay

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National Credit Union Administration in the U.S. is suing J.P. Morgan Chase and Royal Bank of Scotland (RBS) for mortgage losses

01/20/2009

The National Credit Union Administration (NCUA) suffered losses on $50 billion of morgage bonds after the failure of four large credit unions. The NCUA is suing banks for the losses suffered because of misleading information.

Grouped Articles

Regulatory Headaches Worsen for J.P. Morgan

Wall Street Journal 08/19/2013

J.P. Morgan Reaches $4.5 Billion Settlement With Investors

Wall Street Journal 11/17/2013

Legal Costs Set to Put RBS in the Red

Wall Street Journal 01/28/2014

RBS Can't Stem the Bleeding

Wall Street Journal 01/28/2014

Feds Sue Bankers Over Fall in Bonds

Wall Street Journal 06/21/2011

British Regulator Takes Partial Blame for R.B.S. Failure

New York Times 12/13/2011

Report by the Financial Services Authority on RBS failure

12/13/2011

Grouped Articles

RBS Chief Hester to Step Down

Wall Street Journal 06/13/2013

RBS Chief To Step Down

New York Times 06/12/2013

RBS Works at Pleasing Master, Clients

Wall Street Journal 02/24/2014

R.B.S. Chairman Says High Banker Pay Contributed to the Financial Crisis

New York Times 06/25/2014

U.S. Regulators Fault 3 Foreign Banks Over ‘Living Wills’

Wall Street Journal 03/25/2015

British Regulator Takes Partial Blame for R.B.S. Failure

New York Times 12/13/2011


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