The Royal Bank of Scotland ( RBS ) has settled with care home provider , Westgate Healthcare , over allegations of mis - selling of an interest rate swap . It is understood from evidence that the bank paid about £ 10 m in damages out of respect to the firm ; however , it has claimed no liability . One bank has suggested that it is facing over 40 legal cases over swap mis - selling ; the firm has declined to comment .
The Royal Bank of Scotland (RBS) has settled with care home provider, Westgate Healthcare, over allegations of mis-selling of an interest rate swap. It is understood from reports that the bank paid about £10m in damages out of court to the firm; however, it has admitted no liability. One expert has suggested that RBS is facing over 40 legal cases over swap mis-selling; the bank has declined to comment.