The Royal Bank of Scotland (RBS) was formed in 1727; its U.S. branch is the Citizens Financial Group (Citizens Bank). The RBS nickname of “Royal Bank of Swindlers” has been cited in print since at least 2009. RBS played a role in the Libor rate-fixing scandal and the “Royal Bank of Swindlers” nickname was used in a graphic by WilliamBanzai7 on the financial blog Zero Hedge on February 6, 2013.
RBS has also been nicknamed “Royal Bull Shit.” A similar nickname to “Royal Bank of Swindlers” for RBS is “United Bank of Swindlers” for UBS.
Wikipedia: Royal Bank of Scotland
The Royal Bank of Scotland plc (Scottish Gaelic: Banca Rìoghail na h-Alba, Scots: Ryal Baunk o Scotland) is one of the retail banking subsidiaries of the The Royal Bank of Scotland Group plc, and together with NatWest and Ulster Bank, provides branch banking facilities throughout the British Isles. The Royal Bank of Scotland has around 700 branches, mainly in Scotland though there are branches in many larger towns and cities throughout England and Wales. The Royal Bank of Scotland and its parent, The Royal Bank of Scotland Group, are completely separate from the fellow Edinburgh based bank, the Bank of Scotland, which pre-dates The Royal Bank of Scotland by 32 years. The Bank of Scotland was effective in raising funds for the Jacobite Rebellion and as a result, The Royal Bank of Scotland was established to provide a bank with strong Hanoverian and Whig ties.
The RBS Group uses branding developed for the Bank on its merger with the National Commercial Bank of Scotland in 1969. The Group’s logo takes the form of an abstract symbol of four inward-pointing arrows known as the “Daisy Wheel” and is based on an arrangement of 36 piles of coins in a 6 by 6 square, representing the accumulation and concentration of wealth by the Group. The Daisy Wheel logo was later adopted by RBS subsidiaries Worldpay, Ulster Bank in Ireland and Citizens Financial Group in the United States.
17th August 2009, 07:47 PM
I’ve just found an article on bank charges and according to article the bank that charges the most for unauthorised transactions is none other than the bank the we own 70%, the good old RBS - maybe RBS stands for the Royal Bank of Swindlers.
Barclays’ LIBOR embarrassment
Jun 27th 2012, 22:27 by R.D.
Jun 29th 2012, 06:00
RBS = Royal Bank of Swindlers
Barclays = Bank of Lies
Loyds of London = Frauds of London
HSBC = Home of Swindlers, Bankers and Crooks
By Colonel Flick/WilliamBanzai7
This photo was taken on January 30, 2013.
ROYAL BANK OF SWINDLERS
New York City • Banking/Finance/Insurance • Thursday, February 07, 2013 • Permalink