The Royal Bank of Scotland is expected to set aside £100 million (about $155 million) to cover the cost of all those computer system errors that never seem to be going away, and which have denied customers throughout the UK access to their money, putting many behind payments and obligations. This is all occurring before the bank reports its earnings on Friday, and where it faces increasing obligations due to its mis-selling of payment protection insurance, where it just paid out a record lawsuit settlement recently.
Apart from the fund, RBS bankster criminal CEO Stephen Hester is expected to apologize yet again to the 13 million plus customers of RBS and its extended family of banks, a significant number of whom did not know how much money they had in their accounts due to constant computer errors.
Barring continued systems failures, RBS has reached agreement with the UK’s Financial Services Authority over Libor manipulation along with three other banks, but the details remain undisclosed.
Story is HERE.
Libor manipulation fraud, payment protection insurance fraud, computer failures and glitches where customers couldn’t access their accounts for a month or more and Euroibor looming around the corner, each bit of news published anywhere is something the cabal hates, because it’s a reminder of the failure that’s occurring in their schemes. Sure, they have their false flags, their continual attempts to degrade and erode the US Constitution and constantly try to create wars, but what it’s doing is angering more people to a point where they’re waking up and fighting back.
If you just take the headlines in stride, RBS is a zombie bank with no money and propped up by a fellow zombie central bank that’s trying to con people into committing their grandchildren’s labor to fuel more debt to run the system. It’s just a question of when it “officially fails”, and that’s when the masses start doing their bank runs and the headlines get really strange. It has already taken a big hit from the mis-selling of payment protection insurance, and there are still many ready, willing and able litigants about to take on the bank to get their pound of flesh. It’s really difficult to see how this can continue, but they have made it through the summer. Now let’s see if they can handle the fall, which is typically considered a tumultuous market time, a time where great selloffs often occur.
The fall is significant this year in that Rothschild economies are at a fragile point, and market forces may be the straw that breaks everything, but we’ll see, there are still many other possibilities, and there’s still a fair amount of summer left.