Ulster Bank owner says RBS’s reputation could take 10 years to recover - News Summed Up

Ulster Bank owner says RBS’s reputation could take 10 years to recover


Royal Bank of Scotland's tarnished reputation could take another 10 years to recover from its role in the financial crisis and a string of scandals, the lender's chief executive has warned. Royal Bank of Scotland's tarnished reputation could take another 10 years to recover from its role in the financial crisis and a string of scandals, the lender's chief executive has warned. "It got very close to collapse and with that went its financial reputation. "I think the reputation piece will take another 5-10 years - and that's what it is when your reputation gets tarnished so badly," Mr McEwan said. "It's pretty clear that RBS got a lot of things wrong in the lead up to the financial crisis.


Source: Irish Independent October 08, 2018 06:56 UTC



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