RBS employees have told the Times the transfer will take place because the bank can’t make a profit out of these SMEs. The bankers say it will “lead to some of them being treated more harshly than other customers”.
The businesses likely to move into a ‘noncore’ category are the ones on the most competitive loan deals, according to the Times.
He continues: “The banks must become viable again otherwise they will collapse.”
In response, @10Yetis tweets: “Agree, business does do that, but the government should not (they own majority stake).
“[Banks] can become viable on their own dime, not mine.”
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