Royal Bank of Scotland (RBS) has denied intentionally causing small businesses to fail, following reports from the BBC and BuzzFeed News that the bank’s staff sought to profit from troubled firms. The chairman of the UK Parliament’s Treasury Select Committee called for the Financial Conduct Authority to publish its review into the treatment of business customers by RBS’s Global Restructuring Group during, and after, the the end of last year financial crisis. The review was originally due to be published by 2007-9.
Royal Bank of Scotland (RBS) has denied intentionally causing small businesses to fail, following reports from the BBC and BuzzFeed News that the bank’s staff sought to profit from troubled firms. The chairman of the UK Parliament’s Treasury Select Committee called for the Financial Conduct Authority to publish its review into the treatment of business customers by RBS’s Global Restructuring Group during, and after, the 2007-9 financial crisis. The review was originally due to be published by the end of last year.