RBS shareholders suing the bank for misleading them

The transcript discusses the anger of RBS investors, including pensioners, who are suing the bank for misleading them about its financial health before a 2008 stock sale. The lawsuit involves 12,000 investors seeking £4 billion, claiming the prospectus was flawed. Four former executives, including Fred Goodwin, are also being sued. Investors feel misled and frustrated with the current management's slow progress. The context of the 2008 financial crisis is highlighted, with deteriorating credit markets and the US housing market's decline. Personal stories of affected investors, like Johns, are shared, showing the long-term impact on their finances.

Why are many pensioners angry with the Royal Bank of Scotland?

• They were not given dividends.

• They were charged excessive fees.

• They were misled about the bank's financial health.

• Their accounts were closed without notice.

How much are the investors seeking in their lawsuit against RBS?

• £8 billion

• £4 billion

• £6 billion

• £2 billion

Who are some of the former executives being sued by the shareholders?

• John Smith and Jane Doe

• Fred Goodwin and Tom Mckillop

• Michael Brown and Sarah Johnson

• David Cameron and Theresa May

What was a major factor contributing to the financial crisis affecting RBS?

• A sudden increase in oil prices

• The decline of the US housing market

• A global technology crash

• A major natural disaster

What impact did the RBS crisis have on investor Johns?

• He had to delay his retirement.

• He lost all his investments.

• He was able to retire early.

• He received a large payout.