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RBS: Inside the Bank That Ran Out of Money

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17/10/2011

BBC One - RBS: Inside the Bank That Ran Out of Money

Charting how the Royal Bank of Scotland came near collapse in 2008 after a loss of £24bn.

Charting how the Royal Bank of Scotland nearly collapsed in 2008, suffering a record corporate loss of 24 billion pounds. Featuring interviews with bank executives and insiders.

The Royal Bank of Scotland was once a famous Scottish institution; a bank with a reputation for prudence. But in October 2008, less than a decade after Fred Goodwin took over as chief executive, it came within hours of collapsing. RBS later posted the biggest loss in UK corporate history - 24 billion pounds - which damaged the bank's reputation for financial prudence and Scotland's image as a global financial centre. Using previously unbroadcast footage of the bank's top executives and interviews with bank insiders, this documentary tells the compelling story of a national catastrophe.

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