Category: Clifford Chance RBS review April 2014


Papering over the RBS cracks

Papering over the cracks The decision by RBS to dissolve its Global Restructuring Group, an arm of the bank that stands accused of destroying viable UK businesses for profit, will do little to repair the damage caused to the bank’s…

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RBS Scraps Controversial GRG Unit Criticised in Tomlinson Report

By Lianna Brinded August 8, 2014 12:18 BST READ MORE RBS Scraps Controversial GRG Unit Criticised in Tomlinson ReportReuters The Royal Bank of Scotland is scrapping the Global Restructuring Group (GRG), the controversial unit accused of engineering businesses into default…

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£17m bonuses for ‘thieving’ RBS loan unit

Jason Allardyce and Iain Dey Published: 27 July 2014 THE taxpayer-owned bank RBS has awarded bonuses worth £17m to bankers in its controversial “turnround” unit, which has been accused of killing off small businesses for profit. Vince Cable, the business…

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RBS in the dock over claims it misled select committee

James Hurley Last updated at 12:01AM, July 23 2014 Royal Bank of Scotland has been heavily criticised for misleading MPs over its contentious division for struggling businesses. Andrew Tyrie, chairman of the Treasury Select Committee, said that the bank had…

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Ian Fraser: RBS is a ‘Rogue Institution’ and is Dangerously in Denial About Tomlinson

The Royal Bank of Scotland was guilty of “acting like a rogue institution” towards its struggling business customers, according to author Ian Fraser, who has a history of arraigning RBS in books articles and documentaries. Speaking to IBTimes TV about…

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Treasury Select Committee meet with RBS Derek Sach & Chris Sullivan – Unbelievable!

CLICK HERE TO SEE THE FULL VIDEO Click here for a full transcript of the entire interview DRAFTS OF CLIFFORD CHANCE REPORT DENIED BEING SEEN BY DEREK SACH OR CHRIS SULLIVAN – OH HOLD ON – YES I REMEMBER NOW…

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Shredded Inside RBS The Bank That Broke Britain: ‘The pimp, the ghetto of fraud and the whorehouse of debt’

 By Ian Fraser CLICK HERE TO BUY SHREDDED from AMAZON or BIRLINN or WATERSTONES or THE GUARDIAN BOOK SHOP It has been nearly two years in the making, but Shredded: Inside RBS The Bank That Broke Britain was published by Birlinn on 05/06/2014. It’s…

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Michael Newey, President, RICS Interview – Surveying is not an art form!

[SBCB Comment] – THE CLIFFORD CHANCE REVIEW para 5.32 STATES ‘In our review, we did not test the accuracy of the bank’s valuation methodology. As the Tomlinson Report observes, ‘valuation is an art, not a science ‘.  What was Clifford…

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Ulster Bank: We never preyed on struggling businesses

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….

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Neil Mitchell has another go at RBS on the Keiser Report

In the second half from 12 mins 42 seconds Max interviews international businessman and RBS claimant, Neil Mitchell, about the latest in his high-profile battle against GRG and RBS. He suggests the public move their funds from RBS and Max…

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