Sachin Tendulkar contributes to RBS Bank's bankruptcy...

.....Along with some other international sportsmen/celebrities signed as 'Brand Ambassadors' it seems!




London: A spendthrift Royal Bank of Scotland (RBS) spent £200 million on sponsorship deals with Sachin Tendulkar and other top sportsmen just weeks before being bailed out by the British government, a newspaper reported on Sunday.

The Sunday Times said the bank, which is now 68 per cent owned by the taxpayer, signed the long-term contracts before being bailed by the British government in October.

Former RBS chief executive Sir Fred Goodwin agreed contracts of up to five years.
Apart from Sachin, the stars signed as 'global ambassadors' include Zara Phillips, the rider and granddaughter of the Queen, Jack Nicklaus, the golfer, and Sir Jackie Stewart, the former motor racing champion..

Stewart, who is said to have earned £4 million to promote RBS, said last week: "I am very much still with RBS. My contract has nearly two years to run and they always honour contracts."

The news comes after the bank announced that it had made a loss of £28 billion last year.

Treasury select committee member MP John Mann told the paper: "They have been reckless yet again. This doesn't seem to be a bank that could do anything in moderation. It now needs to realise the golden days are over."

The paper quoted a spokesman for RBS as saying: "All our sponsorship agreements were negotiated on commercial principles and meet strict corporate governance rules."

I can just see the Pommie and Welsh fans screaming this here again:
Ban India!!!





But seriously speaking what made the Bank make such a signing in the middle of a recession and Global layoffs scenario. What was the bank thinking?

Ban India

You can now perhaps understand why there is a call here in the UK for criminal action against these f**king dipsticks who "ran" the banks .... unaware of the impending disasters ahead, warned that an implosion was about to happen on a global scale, they still spent their clients money irresponsibly (in the RBS's case, on fecking sponsors), and who now insist on bonuses ranging from £ 1 million to £25 million each for their past efforts !!

Paul Keating wrote:Ban India

Aye. Indeed!

But which country other than India will you ban for the following:

Zara Phillips
Jack Nicklaus
Jackie Stewart

:?:

Batman wrote:

Paul Keating wrote:Ban India

Aye. Indeed!

But which country other than India will you ban for the following:

Zara Phillips
Jack Nicklaus
Jackie Stewart

:?:

But those are whiteys.

RBS will go down in history as having made the worst deal ever in buying ABN Amro.

never mind the 100 odd billion they paid at the time, they're bleeding out money now still trying to integrate ABN

JGK wrote:RBS will go down in history as having made the worst deal ever in buying ABN Amro.

Lloyds' purchase of HBOS looks like being a close second.

JGK wrote:RBS will go down in history as having made the worst deal ever in buying ABN Amro.

Indeed, there are rumours that the Australian entities might exist separately.

Bankers. What a bunch of qunts (present company excluded ).

Yes I say let them eat cake.

Some bankers are expecting bonuses when their company has made mammoth losses for the year.

I hope they get DCMs instead.

Paul Keating wrote:Yes I say let them eat cake.

Some bankers are expecting bonuses when their company has made mammoth losses for the year.

But maybe the company that made mammoth losses would have made even more mammoth losses if the people getting bonuses weren't there.

Certainly, that will be my argument...

Bwahahahahahahahaha @ JGK.