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Its really not an IT problem, the upside to this for RBS is they can keep a very tight grip of their deposit to loan ratios. They aren't bothered about the cust
by jacktams 14y ago
Its really not an IT problem, the upside to this for RBS is they can keep a very tight grip of their deposit to loan ratios. They aren't bothered about the customers, its about keeping the bank above the waterline.
http://www.reuters.com/finance/stocks/incomeStatement?stmtType=BAL&symbol=RBS.L http://www.reuters.com/finance/stocks/incomeStatement?stmtTy...
Just look at how very close the Deposit vs. Loan values are, and also consider the timeline of this whole debacle.
RBS downgraded, more loans than deposits, suddenly a "IT problem" that lets them even out the odds a bit, so they can afford to borrow to cover the remainder, and gain much needed liquidity.
http://hat4uk.wordpress.com/2012/06/25/rbsulster-glitch-slog-survey-of-users-plus-analysis-of-the-numbers-raise-further-doubts/ http://hat4uk.wordpress.com/2012/06/25/rbsulster-glitch-slog...
- arethuza 14y agoIs a Loan-to-Deposit ratio above 100% really so unusual that they would engineer an IT failure to hide it? Some banks seem to be operating which much higher values: http://www.zerohedge.com/news/what-europes-loan-deposit-ratios-look http://www.zerohedge.com/news/what-europes-loan-deposit-rati... [Having said that, nothing would surprise me about RBS]
- urbiops 14y agoGiven that both payments in and payments out seen to have been affected, this isn't really likely, not to mention that the fallout from events like these in terms of press coverage and regulatory interest would outweigh any benefit from such an act. Lastly, organisation of such an event would require way too many people to stay secret.
- anextio 14y agoNo. There will be an Irish Government investigation into this. They would never get away with manufacturing it.