RBS apologize

[seandelier]

Chiefs apologise for Royal Bank of Scotland disaster as Government takeover goes ahead - The Daily Record

McKillop, who retires next year, said he was "profoundly sorry" to shareholders, customers and staff about the way the financial giants had been felled by the world financial crisis.

And he admitted RBS did not have enough cash reserves to cope with the "unprecedented" credit crisis.

Wonder how many others will do the same while refusing to pass on interest rate cuts to new mortgage buyers?