Category: Serious Fraud Office


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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£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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Bankers braced for new UK regulatory scheme from Bank of England Tough new measures to be unveiled as City deals with new scandal after Lloyds fined £226m for rigging key interest rates

Jill Treanor The Guardian, Tuesday 29 July 2014 19.04 BST Britain’s bankers are braced for the introduction of a tough new regulatory regime to be outlined by the Bank of England on Wednesday, under which they will have to wait…

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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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Second bailout warning in RBS damages case

Helen McArdle News Reporter Wednesday 2 April 2014 A SCOTS businessman spearheading a potential multi-billion pound damages case against RBS has warned the scale of the scandal could tip the bank into a second bailout. Read more

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The “financial terrorism” of Royal Bank of Scotland

November 27th, 2013 (updated November 28th, 2013) (minor edits December 1st, 2013) Another of the banking scandals I’ve been covering for more than three years is gaining a wider audience, following the publication of the Tomlinson Report on Monday and…

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