Royal Bank of Scotland ( RBS ) has been accused by property tycoon , Stuart Wall , of misleading him and his company , Opal Property Group , into taking out an interest rate swap which forced his company into financial difficulties , then " misleading " him when he questioned RBS . Opal , which specialised in student accommodation , went bust due to the bank 's actions ; Wall is claiming damages of £ 400 million . The claims have been made in court filings from Stuart Wall who argues that his firm Opal Property Group, which specialised in student accommodation, went bust because of RBS’s actions. RBS denies any involvement .
Royal Bank of Scotland ( RBS ) has been accused by property tycoon , Stuart Wall , of misleading him and his company , Opal Property Group , into taking out an interest rate swap which forced his company into financial difficulties , then " misleading " him when he questioned RBS . Opal , which specialised in student accommodation , went bust due to the bank 's actions ; Wall is claiming damages of £ 400 million . RBS denies any involvement .