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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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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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Whistleblowers ‘at risk of betrayal’ by City watchdog

Top MP demands regulator protects informants The FCA had already been warned about its treatment of whistleblower by the parliamentary commission on banking standards in 2013 The Times James Hurley, Enterprise Editor May 14 2016, 12:01am The chairman of the Treasury…

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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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Prosecutors after JP Morgan and RBS executives

http://www.executive-grapevine.com/ Published: Wed, 18 Nov 2015 10:48am GMT Prosecutors are pursuing criminal charges against executives from the Royal Bank of Scotland (RBS) and JP Morgan for alleged illegal activities. Police are currently investigating the company’s role in selling supposedly flawed…

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