, Columnist
RBS Wins 'Dumbest Bank of the Year' Award
Royal Bank of Scotland Group Plc wins this year's "Dumbest Bank of the Year" award. OK, that's not a real award, but it should be.
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Back in 1999, after the notorious con man Martin Frankel went missing, federal agents found a partially burned to-do list at his mansion in Greenwich, Connecticut. Item No. 1 on the list: "Launder money."
Royal Bank of Scotland Group Plc might not have topped that one, but it came close enough to win this year's "Dumbest Bank of the Year" award. OK, that's not a real award, but it should be.