Re:Wirecard is 'beyond salvageable,' according to analyst
by JumpCrisscross on Sunday June 28, 2020 @11:47AM
(#23669549)
In none of the cases of Wells Fargo, RBS or Barclays did institutional clients lose money. Wirecard May cause that. That’s the difference. Scandalous banks that keep my money aren’t great, but I’m not going to rush to stop banking with them.
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Re:Wirecard is 'beyond salvageable,' according to analyst
by SideburnsOfDoom on Sunday June 28, 2020 @12:24PM
(#23669859)
In the case of RBS, the UK government stepped in, in November 2008, and "became the majority shareholder". That protected the institutional clients by keeping RBS in business.
I recall someone saying a couple of years later that RBS was a Bank, in the same sense that the Heritage Railway Association was a Train Operating Company. Harsh and funny, but with some truth to it.