well i'm surprised that r.b.s. took this position because first of all r.b.s. is already in the city of london r.b.s. doesn't represent anybody in scotland r.b.s. is already here in the city of london and they are engaging in what the banks on the city of london do r.b.s. lloyds barclays and the other one h.s.b.c. h.s.b.c. and others for of course one of the banking apocalypse they're already committing there are who wants them why would scotland one r.b.s. royal bank of scotland i mean it's a joke it's like these bankers threatening to go to switzerland if they're if they're if any regulations are imposed on them just go we can drive you. the airport just get out well it could be you know psyops pretending that they might want it in scotland so that vince cable for example is like yeah we'll take our b.s. here and stuff the english voters and taxpayers with all those mammoth amounts of debts we don't know what the black hole that's you know there hasn't better actual day of reckoning yet and the global financial system we don't actually know how many fraudulen

well i'm surprised that r.b.s. took this position because first of all r.b.s. is already in the city of london r.b.s. doesn't represent anybody in scotland r.b.s. is already here in the city of london and they are engaging in what the banks on the city of london do are b.s. lloyds barkley's and the other one h.s.b.c. h.s.b.c. i know there's four or sort of a banking apocalypse and they're already commanding there are who wants them why would scotland one r.b.s. royal bank of scotland i mean it's a joke it's like these bankers threatening to go to switzerland if they're if there if any regulations are imposed on them just go.

and investors are punishing r.b.s.s posted its biggest loss since getting a government bailout in 2008. they have plans to shrink their government investing business and overseas operations. now lego's results have come out. david tweeth tweed is at the company's h.q. in denmark. good to see you. >> guy, they have just been handed to me, these results. what we see is once again lego is powering ahead with an increase in sales of 11%. i'm going to give it to you in u.s. dollars to about $4.5 u.s. dollars. a little bit of a showdown from last year 25rks% increase in sales but extremely respectable when you consider that the global toy market has been either slightly declining or has been flat in some markets. they have increased sales in all markets and what they are aiming to do and continuing to say they can do is continue to make market share. let me give you the net profit, up 9% to $1.1 billion. these are pretty good results. they are very pleased here at lego. you can see they have been smiling all morning. let me

. >> r.b.s. to cut 30,000 jobs as it shuts down its riskier investment banking business. that's according to reports from the if the f.t.." what exactly does the report say? >> well, francine, i think the bottom line is this, r.b.s. is planning to withdraw from some of its investment banking activities. that really is the bottom line. the spokeswoman has declined to comment on the report, so this is not confirmed yet, but potentially huge, deep cuts in r.b.s. to be overseen by the c.e.o. you've got to say it's not a big surprise. perhaps the numbers are to some people, but a move to scale back has been flagged. listen to ross speaking just last week. >> delighted you're able to come and spend time with us. can i just tell you my as operation is not to run the world's largest bank. it is not my aspiration. my aspiration is to run the best bank in the u.k. >> not a man there flagging an expansion or a hiring spree. >> and john, r.b.s. certainly not the latest, certainly not the last lender or the f

r.b.s., deutsche bank looking for a rate cut now. my big question is that japanese rebound yesterday, does it carry through to european trade. equities up overnight. u.s. equities higher yesterday. european falling. down on the ftse and down 1/3 on the dax and down 1/3 in paris as well. i'm going to get stock specific with you. you can decide whether you're brave enough. i'm looking at swatch. expected to rise when it does finally open. up 4% this morning. profit will the swiss franc ever give them a break? 1.6313.d now buys you the number we're expecting this morning, 59. anything above 50 is expansion territory. approaches 60, that is outright punchy, francine. >> thank you. markets look to be rebounding after a serious slide earlier this week. joining us to share his investment strategy richard jeffries. great to have you on the program. how surprised were you by the correction? >> i think rather than the correction, i would see this as a reintroduction of volatile any the markets. what the fed has done is buy a period of quiet --

and everybody is very concerned about it and it's back in the news because royal bank of scotland r.b.s. threatened to leave scotland and join the city of london should the scots vote for it defend it apparently they think that's a good threat.

constantly tell you guys to write in with their comments on social media starting with you tube see r.b.s. is a cirrus bt talks about the last thing tank i did with my producer many rob lowe where he says it always throws me when she breaks out into a childish like handshake come on this is a news report out of a grow up well i have one thing to say to you. on the facebook floor of hers wilson says in response to a segment where i called it a teacher for forcing creationism on students she says until now i had no idea that i behave the creator of the universe so much i took particular exception to your condescend remark about people who believe that one came from a man's rib while abby actually came from a man's prick or do you believe that you came from an egg that fell to the earth what actually had no shockingly i believe that i came from an egg being fertilized in my mother's ovaries through my father's sperm moving on to twitter at ya screw she writes i've been a fan for a while but lately a same to me more like c.n.n. just what the new span fame is guys. all are you talking about an

the crowe, ross mcunion outlines plans to shrink r.b.s.

r.b.s. got a $75 billion bailout in the financial cries in 2008. >> a second controversial audio tape featuring the turkish prime minister has been released, he is caught telling his son to hold out for more money from a businessman in return for government incentives. he said the recording was a fake. aljazeera cannot verify the authenticity of the tapes. >> a bomber is reported to have killed 11 people in baghdad. a motorcycle carrying explosives was detonated in the shy right city district. it came after another bombing killed four people. >> a day of global action is underway to draw attention to the polite of the aljazeera journalists imprisoned in egypt, demanding the release of its staff. they have now spent 61 days in prison, accused of having links with a terrorist organization and spreading false news. aljazeera rejects the charges. >> another journalist from the networks arabic channel has been held since august and is on hunger strike for more than a month to protest his imprison

r.b.s. got the largest bailout in history. that was about five years ago. but the u.k. government still -- >> u.k. government is up for elections in 2015. there's going to be pressure for them to get capital back from the 46 billion pound bailout here. >> should we have a moment of silence for meredith whitney? she was beaten up like a pinata for telling people that would be 100,000 jobs or more worldwide. understand there's a government angle here, but this is about retail banking. it's not 30,000 adam johnsons, is it? > no,, no it's not pinstripe-wearing bankers going around the city. >> they're gone. >> they are gone. >> a quarter of their staff, that's incredible. >> can you imagine if bank of america does that, the reverberations of that? >> speaking of which, you look at wells fargo. i'm going use a rough number, roughly 6,500 cuts since october in the mortgage origination unit because of rising rates. they're not refinancing. jobs actually are tough to come by in the banking industry. >> i walked by their stage coach on third avenue, i just want to sit in it. >>