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‘Engineered’ defaults in the spotlight’ Is it a global problem

The Sydney Morning Herald June 4, 2015 Adele Ferguson Business columnist The slump in the big four banks’ share price has fuelled a heated debate over the outlook for them. Photo: Jesse Marlow On Thursday morning, a new parliamentary inquiry…

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Couple to contest £400,000 overdraft charges

The Sunday Times Mark Macaskill Published: 31 May 2015 Clydesdale Bank granted Tweed Homes a £2.5m overdraft ONE of Scotland’s largest banks is being sued by a couple who claim they were charged fees of more than £400,000 for an…

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An insolvency watchdog with bite is needed

London Evening Standard Chris Blackhurst Published: 20 May 2015 Updated: 13:41, 20 May 2015 If all had gone to plan at university, by now I would be a rich City lawyer or a silk. As my tutor put it on my first…

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Tyrie’s Treasury committee rivals step aside

The Times Harry Wilson City Editor Last updated at 12:01AM, May 22 2015   Two of the challengers to Andrew Tyrie for the chairmanship of the Treasury select committee have effectively enabled him to be re-elected unopposed to one of…

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Social purpose cast aside as RBS crushes small businesses for profit

Move Your Money May 18, 2015 A modern society cannot function without banks. Whether it’s to provide a place to store your money, create payments between people and businesses, or to provide credit to those who need it, banks perform…

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Lloyds alleged to have ‘artificially distressed’ small business customers

Financial Times May 17, 2015 8:14 pm Jane Croft Lloyds Banking Group “artificially distressed” small business customers after they were “cynically” transferred to a support unit as banks sought to bolster their own balance sheets in the wake of the financial…

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RBS stands accused of forcing companies into default to improve its balance sheet

  The Times Published at 12:01AM, May 7 2015 The language of finance can be arcane but the business of commercial banking is simply defined. Banks put together people who have capital and want a return on it with businesses…

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‘In my worst nightmares I never thought that the bank would do this to me

James Hurley Published at 12:01AM, May 5 2015 See also: SBCB TOP STORIES 05/05/2015: RBS Stripped assets of struggling companies: Vampire Division preyed on clients: Racing Car Driver Lawrence Tomlinson with inside track. Surinder Hullait, a Birmingham entrepreneur who developed…

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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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Aggrieved customers turn up the heat on RBS

James Hurley The Times Last updated at 12:01AM, October 28 2014 Lawyers acting for businesses affected by Royal Bank of Scotland’s turnaround division have demanded that the bank preserve “critical evidence” before a planned group legal action. Quinn Emanuel, an…

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