Daily Archives: January 19, 2009

John Gapper

I can see why Gordon Brown is annoyed at the former management of Royal Bank of Scotland, given that his government has had to take a 70 per cent stake in the bank in order to keep it afloat.

Still, I wonder about the prime minister’s portrayal of its problems being caused by foreign adventures such as its role in the ill-timed acquisition of ABN Amro. The implication is that things would have been all right if RBS had stuck with being a UK bank, taking deposits and making loans at home. Read more