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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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Will we ever get our money back on RBS? George Osborne wants to start selling off the bank in the next year, but can it be done at a profit?

The Telegraph By James Titcomb 2:00PM BST 16 May 2015 Six and a half years ago, the Chancellor of the Exchequer, a clutch of ministers and civil servants, and the bosses of Britain’s banks huddled around a table at the…

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RBOS & Nomura Breaking Laws in the Mortgage Bubble

The New York Times By THE EDITORIAL BOARD MAY 15, 2015 The government won a big victory this week in a case against two banks that were found to have systematically deceived investors about shoddy mortgage securities they peddled during the…

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Barclays and Royal Bank of Scotland hit with penalties worth nearly £3bn for rigging foreign exchange markets

By City & Finance Reporter for the Daily Mail Published: 21:55, 10 May 2015 | Updated: 21:55, 10 May 2015 Barclays and Royal Bank of Scotland will this week be hit with penalties worth nearly £3bn for rigging the foreign…

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RBS ‘stripped assets’ of struggling companies

James Hurley Enterprise Editor Published at 12:01AM, May 5 2015 Royal Bank of Scotland was under pressure to strip companies of their assets to improve its balance sheet, The Times can reveal. The bank’s global restructuring group, which was supposed…

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Derek Carlyle beats RBS in the Supreme Court opening the way for others

On Wednesday 11 March 2015 the UK Supreme Court announced its decision in favour of Mr Carlyle. All of the five UK Supreme Court Justices found in Mr Carlyle’s favour making this an overwhelming victory for the property developer who…

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Ross McEwan: Becoming customer bank is our responsibility and our opportunity

22 November 2013 RBS chief executive Ross McEwan addressed 200 delegates at ‘Business In The Parliament’ conference at Holyrood. Alongside the politicians, public bodies, trade bodies, local authorities and private businesses who are in this chamber today, the Royal Bank…

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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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