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RBS to relive unpleasant memories as investor lawsuit looms

Reuters – UK Focus – 5 hours ago Investors hurt in 2008 rights issue eye billions * Unsuccessful summer talks tee up costly case in March * Former boss Fred Goodwin may be called as defence witness * RBS CEO says ready…

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FCA branded ‘inadequate’ as MPs call for new bank watchdog

It took seven years to publish a report into failures at HBOS and only one executive was ever sanctioned Independent Richard Partington Tuesday 26 July 2016 Andrew Tyrie, chair of the Treasury Select Committee has called for a new body to…

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RBS’s £1,100 bill for every household

Bank’s share price crash leaves taxpayers nursing £29bn loss RBS is still 73% government-owned, and a sale of the stake is now further away Aimee Donnellan July 10 2016, 12:01am, The Sunday Times Households are sitting on paper losses of £1,100 each…

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RBS chiefs may face fraud trial over seizure of IT firm

Tom Harper and Aimee Donnellan June 12 2016, 12:01am, The Sunday Times Neil Mitchell, who is trying to mount a private criminal prosecution against RBS executives, with girlfriend Sarah Morgan yesterday FRANCESCO GUIDICINI Senior executives at the Royal Bank of Scotland are facing…

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LEXLAW Case Study: RBS pay £1m to settle derivatives mis-selling claim with social care provider

Posted on: July 2, 2016 The Royal Bank of Scotland PLC (RBS.L) has been forced to settle a High Court claim [1] over the mis-selling of two complex collar derivatives [2] in 2007 to Mehnaaz Chaudhry, a businesswoman who provides residential care…

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How trustworthy is your bank?

The Guardian Rupert Jones Saturday 2nd Feb 2008 Paul Walton uncovered a catalogue of errors. Photographer: Christian Sinibaldi Phantom loans, ‘recreating’ paperwork, bringing dozens of lost documents back to life … Rupert Jones talks to one customer who believes the system…

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A lawyer spotted a big mistake made by Britain’s financial regulator when handling sensitive info from businesses

Business Insider UK By Lianna Brinded Jun. 2, 2016, 10:35 AM Britain’s financial regulator made two huge oversights when it came to treating sensitive information from the SME Alliance, a small not-for-profit group that aims to help small to medium enterprises…

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SFO rejects claim that it ignored tip-offs

The SFO recently asked the Treasury for £21 million to continue its current investigations Harry Wilson City Editor Published at 12:01AM, February 8 2016 A row has erupted between the Serious Fraud Office and one of London’s leading law firms…

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Former RBS chiefs now control half the ‘challenger banks’ earmarked to reform Britain’s finance industry

Exclusive: Market figures say former RBS coterie carry disproportionate weight in sector’s dealings with the Government James Moore Associate Business Editor @TheIndyBusiness Friday 5 February 2016 “We don’t need smaller versions of the same toxic banking culture, which refuses to act in the interests…

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£12BILLION… The slump in profits from the taxpayer bailout of the banks in just seven months

By Alex Hawkes Financial Mail On Sunday PUBLISHED: 21:56, 6 February 2016 | UPDATED: 13:34, 7 February 2016 Grim: George Osborne claimed in June that the Treasury’s original stakes in RBS, Lloyds, Northern Rock and others would yield a £14…

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