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Lessons to be learnt from RBS debacle? - Macrotone Blogs
By Geoffrey Chapman on Thursday, 05 July 2012
Category: Miscellaneous

Lessons to be learnt from RBS debacle?

The recent debacle/fiasco around the RBS banking group has attracted much interest, with various comments made about whether it was preventable and the possible causes.

There have been many suggested causes such as whether this was an ‘accident waiting to happen’, or whether RBS should have retained IT support in-house rather than out-sourcing, a lot of which were by parties with their own self supporting agendas

One thing that did catch our eye was the article that RBS is set to sue the supplier for the problem.  Somehow it would turn our very ironic is the suppliers were insured for liability insurance (which all reputable suppliers are) though an RBS subsidiary.  That really would be something of an own goal, and for a group that is majority owned by the UK tax payer, must raise some interesting questions.

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