A New York judge has ruled that the Royal Bank of Scotland (RBS) must face claims in court that ties it to its handling of a distressed ££55 millionm loan to the now-defunct property management company, Global Restructuring Group, in a lawsuit accusing the lender of inducing the firm to buy a Libor-tied interest rate swap in bad faith.
A New York judge has ruled that the Royal Bank of Scotland (RBS) must face claims in court that ties it to its handling of a distressed £55m loan to the now-defunct property management company, Global Restructuring Group, in a lawsuit accusing the lender of inducing the firm to buy a Libor-tied interest rate swap in bad faith.