'Poor decisions' caused RBS crisis

Royal Bank of Scotland was brought to its knees by “multiple poor decisions” and its £50bn (€59bn)“gamble” on buying Dutch bank ABN Amro, a damning report in Britain confirmed today.

A long-awaited Financial Services Authority (FSA) report blamed deficiencies in the management and culture at RBS prior to its £45.5bn rescue and called for tougher rules to make bankers more accountable for their actions.