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Priceless...
Good old Coutts
- Thread starter fillyboy
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Do you think he does? He said he doesn't vote for disingenuous politicians.
It's a wholly owned subsiduary of Natwest and therefore 40% taxpayer owned.
Who owns Coutts Bank?
Coutts Bank is owned by NatWest Group (formerly known as The Royal Bank of Scotland Group or RBS Group) one of the largest banks in the UK established in 1968. Coutts operates as a wholly-owned subsidiary of NatWest Group, serving as its private banking arm.
Yes it's a subsiduary of NatWest, so it's not accurate to say that Coutts is 40% owned by the taxpayer.
It operates independently within that group.
Since 1968, It is and remains a private enterprise, owned by a parent company that has been bailed out by the Government's Investment arm.
"In 1968 Coutts' owner National Provincial Bank and Westminster Bank agreed to merge to form National Westminster Bank, but Coutts & Co continued to operate independently.
Coutts & Co continues to operate independently within NatWest Group."
Coutts & Co | NatWest Group Heritage Hub
Coutts & Co (1692-date), established in London, is a constituent of NatWest Group.www.natwestgroup.com
You can look up the history if you want. But to claim that Coutts is 40% opwned by the taxpayer, is a bit like presenting a photo of Syrian refugees crossing the Croatia-Slovenia border, and claim it was migrants arriving in UK.
It's disingenuous.
Spin it whatever way you want but it’s a wonder the Nat West CEO resigned if was **** all to do with that 'independent arm'. She should have gone to you to see where the land lies - you could have saved her job for her.
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One day, a 'new' member going to join this DIY forum who is for Brexit and doesn’t have an outright hatred of the Conservative Party. They might even remain a member for more than a couple of months too before they get all ranty and disappear up their own arseholes! We can only hope.
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I think you'll find it's all one word.
Along with the hair splitters.
I'll trust your expert knowledge on that.
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It's good to be precise with insults, otherwise the effect is lost.
There are some argumentative posters about, that's for sure.
Argumentative posters that fail to present a true picture.
Take another company that owns several other companies: General Motors. It has Chevrolet, Buick, GMC, and Cadillac in several countries.
Plus several other companies in other countries.
If I held a 40% stake in say in Cruise LLC, it would be disingenuous of me to claim I held a 40% stake in General Motors.
Similarly it is disingenuous to claim that the taxpayer holds a 40% stake in Coutts. It simply does not. It holds a 40% stake in its parent company, Nat West, and Nat West does not comprise simply of Coutts. It comprises many different brands, banks.
Coutts is a subsidiary of the Nat West group, as are RBS and National Westminster Bank.
Subsidiaries are separate, distinct legal entities for the purposes of taxation, regulation and liability.
en.wikipedia.org
A subsidiary company is owned or controlled by a parent or holding company. Usually, the parent company will own more than 50% of the subsidiary company. This gives the parent organization the controlling share of the subsidiary. Sometimes, control is achieved simply by being the majority shareholder.
Argumentative posters that fail to present a true picture.
Take another company that owns several other companies: General Motors. It has Chevrolet, Buick, GMC, and Cadillac in several countries.
Plus several other companies in other countries.
If I held a 40% stake in say in Cruise LLC, it would be disingenuous of me to claim I held a 40% stake in General Motors.
Similarly it is disingenuous to claim that the taxpayer holds a 40% stake in Coutts. It simply does not. It holds a 40% stake in its parent company, Nat West, and Nat West does not comprise simply of Coutts. It comprises many different brands, banks.
Coutts is a subsidiary of the Nat West group, as are RBS and National Westminster Bank.
Subsidiaries are separate, distinct legal entities for the purposes of taxation, regulation and liability.
Subsidiary - Wikipedia
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Facts don't impress the easily led.There are some argumentative posters about, that's for sure.
Argumentative posters that fail to present a true picture.
Take another company that owns several other companies: General Motors. It has Chevrolet, Buick, GMC, and Cadillac in several countries.
Plus several other companies in other countries.
If I held a 40% stake in say in Cruise LLC, it would be disingenuous of me to claim I held a 40% stake in General Motors.
Similarly it is disingenuous to claim that the taxpayer holds a 40% stake in Coutts. It simply does not. It holds a 40% stake in its parent company, Nat West, and Nat West does not comprise simply of Coutts. It comprises many different brands, banks.
Coutts is a subsidiary of the Nat West group, as are RBS and National Westminster Bank.
Subsidiaries are separate, distinct legal entities for the purposes of taxation, regulation and liability.
A subsidiary company is owned or controlled by a parent or holding company. Usually, the parent company will own more than 50% of the subsidiary company. This gives the parent organization the controlling share of the subsidiary. Sometimes, control is achieved simply by being the majority shareholder.Subsidiary - Wikipedia
They offered him one with Nat West
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Never thought I'd see that word in a Nige thread.
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You really don't understand do you.
It's not outright hatred of the Tories (though some may do). It's the intense dislike of the current (and recent) Tories. Change is needed.
As for brexit supporters they are getting less and less. Simply because all the promises just are not happening.
If there were benefits, people would a. Point out the benefits and b, start supporting it.
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