Those of us that do not bank with RBS, or any of their subsidiaries, are probably breathing a sigh of relief that the recent computer glitch did not happen at our bank. After all, how many of us could have coped with the ostensible freezing of our bank balances for the time it eventually took to fix?
But, unbeknown to many of us, and beyond the obvious immediate ground-zero of no anticipated money in one’s Nat West Account, there are potential side-effects that could still cause our own domino to be in line for toppling, even when RBS are not our bank – invisible, radiation-style effects brought about by IT systems automated to collect data for credit rating reports, that could diminish one’s apparent financial health in the longer-term?