No wonder the banks are in a mess...

Discussion in 'Bulletin Board ARCHIVE' started by Tekkytyke, Feb 6, 2013.

  1. Tek

    Tekkytyke Well-Known Member

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    The headline is that the RBS have been fined £390m (to come from past and future bonuses-allegedly).

    Within the BBC article it states:
    "The FSA revealed that the bank qualified for a 30% discount on its fine because it agreed to settle at an early stage of the investigation. Without the discount the fine would have been £125m."

    Some 'discount' that adds 265m to the fine!!

    Muppets 'R us!!
     
    Tekkytyke, Feb 6, 2013
    #1
  2. blivy

    blivy Well-Known Member

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    I don't even know where 125 came from. It's not 30% of 390, or 30% of 390+125. Just making up numbers on the spot.
     
    blivy, Feb 6, 2013
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  3. Lee

    Lee140983 New Member

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    That's because the fine in the UK was £100m, reduced from £125m. The larger number refers to the overall fine, which was paid in the US.
     
    Lee140983, Feb 6, 2013
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  4. DEETEE

    DEETEE Well-Known Member

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    Banks are just a huge ****ing mess internally. They lose millions a day just through their own inability to use common sense
     
    DEETEE, Feb 6, 2013
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