Qualified advisers answering your
Financial Questions
call 0800 092 1245

Royal Bank of Scotland set to display art collection

The Royal Bank of Scotland has astounded shareholders and the government alike with news that the company is set to put its private art collection on public display. The collection contains paintings by some of the best-known artists in the world and is worth a significant amount of money on the open market. But why have companies such as Royal Bank of Scotland even got a private art collection?

If nothing else, the discovery of this private art collection reflects the flamboyant lifestyle of those in UK banking industry prior to the recent collapse. It is well-known that Sir Fred Goodwin had a liking for the "high life" but the truth is that he alone did not run the Royal Bank of Scotland even though he has taken most of the flak which has been coming the company's way. What other collections and assets are held with other UK banking institutions?

It is surprising that the UK government has not at least looked towards disposing of the Royal Bank of Scotland art collection which would raise potentially millions of pounds for the development of the business and potential repayment of some taxpayer debt. This announcement that the art collection will go on public display makes something of a mockery of the ongoing changes in the industry which appear to be nothing more than "papering over the cracks".

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details