Author Topic: Royal Bank of Scotland will get 'billions' in US bail-out of economy  (Read 810 times)

Bindare_Dundat

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THE ROYAL Bank of Scotland is to be one of the biggest beneficiaries of the planned $700 billion bail-out that comes courtesy of the American tax-payer if the US Congress gives the financial rescue package the go-ahead this weekend.

The bank's share of the bail-out will enable RBS to offload billions of dollars of questionable assets.

The bank's shares closed last Friday at 205p, a 71% fall from their pre-credit-crunch peak. However, analysts and investors predict that the shares will rebound sharply when markets open on Monday morning if the bail-out is approved over the

The Edinburgh-based bank will be able to write off a significant portion of its dodgy assets thanks to the bail-out, also known as into Tarp, the Troubled Asset Relief Programme as a result of the bank's significant presence in the US.

Tarp was the brainchild of US treasury secretary Hank Paulson, who earlier this week got down on his knees and begged Nancy Pelosi, the Democratic House speaker, to rescue his plan to save Wall Street.

The Royal Bank, led by chief executive Sir Fred Goodwin, has had operations in the United States since 1988, when it bought the Rhode Island-based Citizens Bank. It has since bulked up its presence there with a string of acquisitions including those of Connecticut based Greenwich NatWest and Ohio-based Charter One.

This entitles the Scottish bank to entrust billions of dollars of non-performing loans and sub-prime tainted assets to US taxpayers, according to Colin McLean, chief executive of Edinburgh-based SVM Asset Management.

JimmyThomson

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #1 on: September 28, 2008, 01:04:04 PM »
I'm sure people in the USA would be surprised just how influential the Royal Bank of Scotland is in international finance. Another example of how Scotland controls the world and has done since the early settlers in the USA.
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TerminalPower

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #2 on: September 28, 2008, 01:25:06 PM »
I'm sure people in the USA would be surprised just how influential the Royal Bank of Scotland is in international finance. Another example of how Scotland controls the world and has done since the early settlers in the USA.

LMAO, Scotland benefits from the USA Bailout...Influence goes to America.  Case closed!
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The Coach

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #3 on: September 28, 2008, 01:29:04 PM »
RBS is a great sponser of the PGA :)

JimmyThomson

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #4 on: September 28, 2008, 01:32:58 PM »
LMAO, Scotland benefits from the USA Bailout...Influence goes to America.  Case closed!

Don't be a silly Muppet. RBS offloads the toxic stuff courtesy of the hardworking American folks and becomes even bigger and stronger so it can continue to buy up all the bargan banks in the US of A. Influence goes to Scotland  ;D
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TerminalPower

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #5 on: September 28, 2008, 01:34:23 PM »
Don't be a silly Muppet. RBS offloads the toxic stuff courtesy of the hardworking American folks and becomes even bigger and stronger so it can continue to buy up all the bargan banks in the US of A. Influence goes to Scotland  ;D

Since it appears you can't seem to understand a more complex economic issue let me get primtive in hopes you can comprehend.

10 nukes, no Scotland.  Influence goes to America. Case closed
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JimmyThomson

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #6 on: September 28, 2008, 01:35:15 PM »
RBS is a great sponser of the PGA :)

Yes they sponser all sorts of things and of course have the great Jackie Stewart as their roving ambasador.
Coach if you are into Golf you should come over and play the old course at St Andrews. I was there a couple of weeks ago courtesy of RBS believe it or not.
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JimmyThomson

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #7 on: September 28, 2008, 01:41:16 PM »
Since it appears you can't seem to understand a more complex economic issue let me get primtive in hopes you can comprehend.

10 nukes, no Scotland.  Influence goes to America. Case closed

Thats the sort of Gungho attitude which has got you into this mess. For your information Scotland has 144 nukes on it's soil which is enough to wipe out a fair chunk of the USA dont you think?  We are not Iraq and remember we fight to the death. We do not treat soldiers who surrender as heros.
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TerminalPower

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #8 on: September 28, 2008, 01:51:16 PM »
Thats the sort of Gungho attitude which has got you into this mess. For your information Scotland has 144 nukes on it's soil which is enough to wipe out a fair chunk of the USA dont you think?  We are not Iraq and remember we fight to the death. We do not treat soldiers who surrender as heros.

LOL...I am trembling at the thought of the Scottish military, skirts and all!

Scottish do fight to death and die you will, well said!!!


Americans fight to live!

Go get'em Rob Roy! 
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The Coach

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #9 on: September 28, 2008, 01:54:29 PM »
I'm HUGE into golf, plan on going sometime next year.

JimmyThomson

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #10 on: September 28, 2008, 01:55:26 PM »
LOL...I am trembling at the thought of the Scottish military, skirts and all!


Americans fight to live!



The only fighting you do is to get to the front of the McDonalds queue. You'll tremble when you see whats under our skirts sonny  >:(
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TerminalPower

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #11 on: September 28, 2008, 02:01:15 PM »
The only fighting you do is to get to the front of the McDonalds queue. You'll tremble when you see whats under our skirts sonny  >:(

LMAO, it's what is not under your skirts that has me trembling and it ain't out of fear.
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24KT

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Re: Royal Bank of Scotland will get 'billions' in US bail-out of economy
« Reply #12 on: September 28, 2008, 06:47:59 PM »
I'm sure people in the USA would be surprised just how influential the Royal Bank of Scotland is in international finance. Another example of how Scotland controls the world and has done since the early settlers in the USA.

They're the biggest bank in Canada, ...although they dropped the of Scotland from their name.
That doesn't really sit well with Canadians. alot of our banks are doing that. Bank of Montreal became BMO.
The Bank of Nova Scotia became Scotia bank. Toronto Dominion became TD. Even the Canadian imperial Bank of Commerce became CIBC. The only one that kind of retained it's original identity somewhat is Canada Trust.
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