RBS Can’t Handle Journalist Printing the Truth
The group of British government-funded bank traders in Stamford, Royal Bank of Scotland, have thrown a hissy fit over one financial blog printing news about some of their most embarrassing mistakes. That’s right, RBS has now banned its employees from reading one of the funniest wall street publications – Dealbreaker – and cut off their Internet access to the site.
You see last week,when the bank lost power for about 10 minutes during trading hours, Dealbreaker correctly reported that it was because of an overflowing toilet. Yep, all that money they spent on their high-tech brand new building didn’t plan for bathroom problems and the water spilled into their communications closet. Well RBS brass didn’t take too kindly to a staffer outing this embarrassing mistake to Bess Levin at Dealbreaker and instead of just laughing it off, have now punished employees by taking away their daily DB reading.
Personally – I’ve always found the press people at RBS immature – like the fact they still won’t admit why rouge trader James Glover hasn’t been arrested after they turned him over to Feds for a stealing from Greenwich Capital clients.
I mean don’t you think the shareholders would like hear that US authorities actually got Glover to give the millions he took back and maybe gave him some jail time?
Anyway – Levin is now asking for all RBS insiders to give her a shout and tell any and all gossip about their bank bosses so she can print it. Please do – we need some fun finance stories around here now that Greenwich Time has failed to find a financial services reporter to cover the news hole I left them with.