Re: that's what happens
> of course "lessons will be learnt"
Generally the lesson that is learnt is that the bank in question can futz around for this, particular, length of time without anything bad happening to it's senior staffs' employment prospects, the bank's long-term reputation or in regard to shareholder backlash.
No doubt when RBS carry out a post-mortem, they won't actually find the root cause of the problem (it's the network, stoopid!) but will blame some third-party: either outsourced, software supplier or infrastructure. They will then issue a suitably
smug contrite press release about how they've "taken steps to make sure this never happens again", award themselves large bonuses for the successful cost-savings, take the regulator out for a very good lunch and prepare their CVs to move on and stick it to the next financial institution on the list.