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Bailout bank's American giveaway
Monday, November 09, 2009 5:52 AM


(Source: Daily Record; Glasgow (UK))trackingROYAL Bank of Scotland are dishing out free dollars and drinks to Americans - while begging British taxpayers for more bailout cash.

US-based Citizens Bank and Charter One Bank, owned by RBS, are offering $220 (pounds 132) to anyone who opens a new account. And Citizens Bank, who have opened a branch in a Boston Dunkin Donuts, are also offering free coffee.

Pressure group the Taxpayers' Alliance said last night it was "insulting" while UK taxpayers' money is being used to prop up RBS.

But the bank said their offers lured in "tens of thousands" of new customers. RBS needed a pounds 25.5billion injection of UK Government funds last week and revealed plans to cut 3700 jobs.

But weeks beforehand, Citizens were staging a "cash grab" game to celebrate the opening of a new cash machine. Players got as much money as they could catch from the air.

MatthewElliot, of the Taxpayers' Alliance, said: "In the week when every one of us was giving an extra pounds 500 per person to RBS to keep it afloat, it's a slap in the face to existing UK savers."

(c) 2009 Daily Record; Glasgow (UK). Provided by ProQuest LLC. All rights Reserved.

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