RBS apologises for ‘incorrect’ evidence to MPs’ committee

RBS Headquarters

24 November 2014 Last updated at 01:07

Royal Bank of Scotland has apologised for giving incorrect evidence to a parliamentary hearing, it has emerged.

Bank directors appeared before the Treasury Committee in June to answer claims that RBS’s Global Restructuring Group (GRG) had deliberately killed off viable firms.

Newly released letters show that RBS chairman Sir Philip Hampton later said some of the evidence “lacked clarity”.

Committee chairman Andrew Tyrie branded the evidence as “unacceptable”.

GRG handled RBS’s loans to companies considered to be a possible risk.

But there were allegations that some viable companies were deliberately forced to close by GRG.

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