It was reported yesterday that the major banks in Britain will be ‘ in the spotlight ’ next week when they reveal their yearly figures. The article in the Guardian talks of the focus on HSBC, and the issue regarding an overhaul of their boardroom, and of Lloyds Banking Group, who are expected to show relatively positive results as it nears the end of its ties to the U.K. Government and the British Taxpayers. However, the focus for this post is in the Royal Bank of Scotland (hereafter RBS), and the rumour that it will post a loss of more than £6 billion, which would see it post a loss for the ninth year in a row, which is extraordinary. Whilst Lloyds were also assisted by the taxpayer, why is it that RBS continues to fall further and further into the red? This post will therefore look at this question, and it appears that a culture that is about, potentially, to see them punished for mis-selling in the lead-up to the Financial Crisis remains strong. There are a lot of allegations be...