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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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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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