As a result of the British Government outsourcing its responsibility to supervise the large banks to industry groups and not holding bankers to account, the Royal Bank of Scotland Group plc (ADR)(NYSE:RBS) (LON:RBS) is in danger of failing within ten years, says a new book.
Book details lavish spending, irresponsible behavior as government regulators let banks write the rules
Shredded: Inside RBS, The Bank That Broke Britain, written by the financial journalist Ian Fraser and recently reviewed by Britian’s Independent newspaper, says the bank has a £100 billion pound financial “black hole” caused...
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