Royal Bank of Scotland Indirectly Advises Investors to Buy Bitcoin
In the traditional financial world, there are more questions than answers to be found right now. Various markets are on a steep downhill trend, and there seems to be no improvement in sight. As a result, there is a lot of fear and panic to be found among traders. Meanwhile, the Royal Bank of Scotland appears to have thrown gasoline on the raging fire by....
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N M Rothschild have been at the heart of advising the UK Government on the RBS (Royal Bank of Scotland) sale. The RBS was rescued by the taxpayer several years ago to the tune of £45.8bn. Now, the shares that the government owns, allegedly on behalf of its people, are being sold off at a £7bn loss to private investors. It has been revealed, not too publicly, however, that the esteemed and noble house of Rothschild have advised the government to sell now and sell cheap. You won't find the mainstream media reporting on Rothschild involvement in this. "Independent Advice." Is how the....
Royal Bank of Scotland (RBS) is experimenting with its own in-house cryptocurrency, says the bank's technology chief. RBS is a subsidiary of the Royal Bank of Scotland Group, which also includes NatWest and large Irish commercial bank Ulster Bank. Neil Bellamy, head of technology, media and telecoms, told The Memo that RBS had created, traded and settled its currency between the group's banks. Commenting on the potential of blockchain technology, Bellamy added: "It's a pipe dream, but imagine if you could take a distributed ledger system and put it in a back office and do away with a lot....
All of this goes to show the global financial ecosystem is primed for an even bigger collapse. Stress tests are being conducted to ensure banks are capable of averting a new economic shockwave. Over in the United Kingdom, several banks are struggling to meet the criteria. In fact, the Royal Bank of Scotland failed the test completely, despite receiving a major bailout by taxpayers eight years ago. Every since the financial crisis took place, the bank has not learned much from prior mistakes. Things are not looking all that positive for the Royal Bank of Scotland right now.Eight years ago,....
The UK’s Royal Bank of Scotland has announced it could take a blockchain-inspired service “to market” in 2016. The move, which would focus on “the fringes of payments,” comes following the bank’s involvement in setting up blockchain focus group R3 consortium with other UK banks in September. RBS spokesman John Lyons commented further to Computer Weekly on the project and R3 setup: “Like most people, we’re in the ‘learn and explore’ phase with blockchain [...] Distributed ledger and blockchain requires a number of parties to be involved. Being involved in contributing to the development of....
The Royal Bank of Scotland (RBS) is working in tandem with Ripple Labs in its 3.5 billion GBP technological revamp. In particular, the London bank is looking into the proof-of-concept technology offered by Ripple in order to prevent IT failures from losing transaction records. This was announced by the bank's administrative officer Simon McNamara during a webinar, following a technological glitch that caused 600,000 payments to disappear. RBS said the affected payments to and from customers' accounts would be made by Saturday at the latest, as account holders bombarded the bank with....