Is it time to nationalise Royal Bank of Scotland?
The UK government appears intent on throwing billions upon billions of pounds towards the Royal Bank of Scotland with other financial operations such as Lloyds Bank apparently been left in the lurch. For some reason the Royal Bank of Scotland seems to be taken precedence over everything else in sector and there are serious concerns that too much focus is being placed upon the once leading Scottish bank.
The fact is that Royal Bank of Scotland, more than any other UK bank, is now suffering because of riskier transactions which were undertaken over the last few years. UK taxpayers are being exploited to the tune of billions upon billions of pounds while Royal Bank of Scotland shareholders still retain a minority stake in the business. Many are questioning why the Royal Bank of Scotland's has not been nationalised with a suggestion that potential political problems in Scotland may well be holding back what many see as an inevitable outcome.
The longer this alleged bias towards the Royal Bank of Scotland continues the more damage it will do to the general UK banking sector and the more questions will be asked of the PM and the Chancellor of the Exchequer.
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