Category: Top Stories


Vince-Cable-demands-know-RBS-bankers-not-prosecuted

Vince Cable demands to know why RBS bankers have not been prosecuted as he piles on pressure to bring Fred Goodwin and other former bosses to account Voters wondering why RBS bankers have not been pursued, Cable has said There…

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FCA colluded to cover up alleged HSBC fraud

January 23, 2015 By Ian Fraser When John Griffith-Jones and Martin Wheatley, chairman and chief executive of the Financial Conduct Authority, appear before the Treasury Select Committee at 9.30am next Tuesday, 27 January, the 13 MPs on the committee have an unprecedented opportunity to establish whether the FCA, just…

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Pressure grows on banks over loans

Pressure grows on banks over loans James Hurley Last updated at 12:01AM, January 20 2015 High street lenders and the government are under pressure to review a taxpayer-backed lending scheme after Royal Bank of Scotland admitted that it had misused…

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We mis-sold taxpayer-backed loans to small businesses, confesses RBS

We mis-sold taxpayer-backed loans to small businesses, confesses RBS Article Case study: shaking scheme to its foundations Clive May complained about the way his bank mishandled a £245,000 overdraft  JILL JENNINGS/Times Newspapers Ltd James Hurley Published at 12:01AM, January 15 2015 Royal…

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RBS to review its running of Enterprise Finance Guarantee scheme

The Enterprise Finance Guarantee (EFG) is a government lending initiative for small businesses with viable business proposals that lack security for conventional lending.  Following discussions with the British Business Bank (BBB) – the body established by Government that manages the…

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RBS Deputy Chief Executive Officer Chris Sullivan Leaves Bank

Royal Bank of Scotland Group Plc’s Chris Sullivan, the deputy chief executive officer whose evidence to Parliament was criticized by legislators, has left the bank. Sullivan, 57, departed Britain’s largest taxpayer-owned lender on Dec. 31, a spokeswoman for the Edinburgh-based…

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Bank of Scotland accused of fraud by Attorney General John Larkin QC

By John Campbell BBC News NI Economics & Business Editor Attorney General John Larkin QC said there was evidence of “criminal fraud under the 2006 Act” and that the matter has now been drawn to the attention of the police Northern Ireland’s…

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Private prosecutions should be easier and more accessible

The procedure for bringing a private prosecution in Scotland should be made easier and more accessible, according to litigation specialist Cameron Fyfe. A unique business venture has been formed by a solicitor in partnership with two barristers who have begun…

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RBS apologises for ‘incorrect’ evidence to MPs’ committee

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…

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