Europe's most under-capitalised banks
Courtesy of Zerohedge and Credit Suisse (or Credit Suicide as my
search engine suggested). Guess which UK bank is in the #1
Slot? Take a bow - RBS!
So here are the top 5 European banks in terms of insolvency:
1. Royal Bank of Scotland (UK)
2. Deutsche Bank (German)
3. BNP (French)
4. SocGen (French)
5. Barclays (UK)
Congratulations to RBS for taking the top turd award. And
remember your money is only as good as the shitty loans
backstopping them.
Full list here, and article from
Zerohedge:
Always a pleasure to see the cheese-eating French wastrels
reaping what they sow too. Maybe they will have to do a full
weeks work, and stop having August off.