Ulster Bank: We never preyed on struggling businesses

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Lender rejects TV claims it liquidised viable firms

BY MARGARET CANNING – 15 MAY 2014

Ulster Bank has said it “strongly refutes” allegations in a BBC Spotlight programme that it put viable companies into a restructuring division to make profit.

However, BBC NI said it “stands by” its journalism in Tuesday night’s broadcast, which interviewed property developers Brian Polly and Michael Taggart – who is in a prolonged legal battle with his former funders.

The BBC said it had taken “great efforts” to represent Ulster Bank’s views in the programme, which also featured businessman Lawrence Tomlinson.

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 Category: Clifford Chance RBS review April 2014, GRG, Lawrence Tomlinson, Malpractice, RBS, Ross McEwan, Serious Fraud Office, West Register    

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