Archive For April 26, 2016

RGL announces new legal team

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RGL announces new legal team as list of claimants grows.   London, 25 April 2016: RGL Management Limited (“RGL”), recently formed specifically to bring claims against RBS Plc on behalf of SME businesses which entered RBS’s infamous Global Restructuring Group (“GRG”) division, today announced Humphries Kerstetter LLP as their solicitors. Humphries Kerstetter is a specialist…

Loss-making RBS facing £1bn claim

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Loss-making RBS facing £1bn claim it destroyed small firms and stripped their assets This is Money, 26.04.16   Loss-making Royal Bank of Scotland could be facing a £1billion damages claim over allegations it destroyed small businesses for a profit.   The claims centre on the NatWest owner’s now-closed Global Restructuring Group, which was set up…

Backing secured for legal fight

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Backing secured for legal fight against lender The Press and Journal, 26.04.16   The Royal Bank of Scotland (RBS) is facing fresh pressure from small business owners who claim the lender shut them down only to profit from the sale of their assets.   RGL Management, which has been formed to gather claims against RBS…

UK watchdog says still no date for report on RBS business clients

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UK watchdog says still no date for report on RBS business clients Reuters, 26.04.16   Britain’s financial watchdog said its keenly-awaited review of alleged mistreatment of business customers by Royal Bank of Scotland was in the final stages of completion but it could still not give a publication date.   Customers and investors are waiting…

RBS faces claims for £1bn in damages

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RBS faces claims for £1bn in damages from small businesses Guardian, 25.04.16   Legal action against Royal Bank of Scotland gathers pace as 50 claimants accuse bank of pushing firms to bankruptcy for profit   Small businesses alleging that Royal Bank of Scotland drove them to the wall for its own profit are to lodge…

SMEs to claim £1bn from RBS after the bank allegedly pushed them into failing

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SMEs to claim £1bn from RBS after the bank allegedly pushed them into failing SME Insider, 16.04.16   Small businesses are launching legal action against RBS after dozens of them accused the bank of pushing them into bankruptcy in a bid to boost its own profits.   Claims worth more than £1bn are being lodged…

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