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I agree she had to go, the stupid was more: How stupid of her. To lose your job over that after being, well, pretty competent.
Cha, traders seeing this coming and making a quick buck of it, that's just investment capitalism. Not a fan, but I doubt anything dodgy it at play in this case. Farage knowing the referendum result before this was public and using this to make money however...
The selling off at a massive loss is hardly news and the current problem is a drop in the ocean there: I know banks imploding left right and center can also cause huge issues, so having to use government money to prop up a bank is sometimes required.
At which point does it make more sense to just let a bank fail?
JWestland
snottyotter
The selling off at a massive loss is hardly news and the current problem is a drop in the ocean there. The Government bought RBS shares in 2008 when they were trading at £5, after their implosion. And they have sold off various tranches around market rate, which has remained far lower, accepting it is extremely unlikely to ever recover.
Traders (and remember Farage used to be one) profiting on this price dip is a separate issue.
However, it is not a stupid privacy law violation, and absolutely a resigning matter, however much you and I hate Farage; he is 100% right on this specific issue unfortunately (quote selectively for golf club).
I have some personal interest in this as I worked on privacy breach triage/handling processes, and other Compliance controls at RBS/NW. I no longer work there.