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A comment on Leaked Files Reveal Royal Bank of Scotland Harmed British Small Businesses. Parent comment

Re:Leaked Files Reveal Royal Bank of Scotland Harmed British... by Shivetya on Monday October 10, 2016 @08:00AM (#12676542)
government owned bank, if it works the same over there as in the US (fannie mae/mac here come to mind) I doubt there is much that can be done but use taxpayer money to make people whole again.

the options versus private entities are much more varied compared to what can be done to a government institution. Sovereign immunity is a means that even horribly negative effects of policy or work can be shielded from restitution. Does that exist in European countries too?

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Re:Leaked Files Reveal Royal Bank of Scotland Harmed British... by pidg on Monday October 10, 2016 @08:12AM (#12676584)
It's a slightly different situation to Fannie May, in that RBS was a privately-owned business, and only became government-owned because it ran into so many problems. It's not a 'government institution' as the Bank of England is - the government just took control to stop it collapsing.
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