Anorak News | Don’t Bank On It – RBS Staff Brought To Account

Don’t Bank On It – RBS Staff Brought To Account

by | 23rd, March 2007

rbs.jpgWHAT with underhanded bank charges and a colourful history of dodgy dealing, one could be forgiven in thinking that the banking establishment had all the morals of a money-grabbing ethically bankrupt dog. (Albeit one who could deal with the intricacies of the global financial market while weeing against lampposts).

Surely not?

 Well, according to the Guardian, the Royal Bank of Scotland is the latest bank to show its nasty side.

In a letter from the bank’s chief executive of retail market operations, Gordon Pell, RBS’ own staff has been threatened with disciplinary action if they decide not to open an RBS account. “Failure to do so will represent a breach of group policy and I will be obliged to write directly to your line manager asking them to progress this matter according to the group’s disciplinary policy”, writes Pell.

Apparently at interview stage, potential RBS staff are told that, in order to receive their salary, they will be required to open an account with the bank, a policy which has understandably angered finance union Amicus says the BBC. “If you work for Tesco you won’t be disciplined for buying your groceries from Sainsbury’s”, says union official Rob MacGregor, “RBS’s disproportionate and heavy-handed approach is counterproductive and bad for morale”.

Look out for RBS employees in the firm’s complaints department complaining to themselves about the bank’s high bank charges…

Posted: 23rd, March 2007 | In: Money Comment (1) | TrackBack | Permalink