RBS Nationalisation

EDM number 1043 in 2012-13, proposed by George Galloway on 06/02/2013.
Categorised under the topic of Financial institutions.

That this House notes that the Royal Bank of Scotland has again been fined by regulators, this time for 390 million over the Libor scandal; believes that the Bank's Chief Executive Stephen Hester ought to resign along with investment boss John Hourican; believes that, despite the taxpayer funding the world's largest-ever-bail-out of the Royal Bank of Scotland at 45 billion, the Government has failed to properly manage and direct the bank; and calls on the Government to protect taxpayers who are responsible for 100 per cent of the Bank's liabilities by fully nationalising RBS where it can then play a crucial part in an economic revival by direct investment particularly into small and medium-sized businesses.

This motion has been signed by a total of 4 MPs.