Archive For August 22, 2016

RBS facing more legal action over restructuring unit

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RBS facing more legal action over restructuring unit Scottish Financial News, 22.08.2016   RBS is facing yet more legal action – this time over the activities of its controversial Global Restructuring Group.   Small businesses are launching a £1 billion legal case against RBS, claiming they were destroyed and asset-stripped by the unit that was supposed to…

RBS facing action over restructuring unit this year

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RBS facing action over restructuring unit this year Herald Scotland, 22.08.16   A GROUP representing more than 140 small businesses has declared its intention to launch a £1 billion legal action against Royal Bank of Scotland over alleged mistreatment by its Global Restructuring Group before the end of the year.   The Herald revealed in…

RBS to relive unpleasant memories as investor lawsuit looms

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RBS to relive unpleasant memories as investor lawsuit looms Reuters, 22.08.16   At an English country mansion last month, lawyers for Royal Bank of Scotland (RBS) (RBS.L) sat down with representatives of angry shareholders to broker an end to what may end up being the costliest case in British legal history. The meeting at The…

140 small firms sue RBS for £1bn after claiming its turnaround unit forced them into administration

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140 small firms sue RBS for £1bn after claiming its turnaround unit forced them into administration This Is Money, 21.08.16   Small businesses are launching a £1billion legal case against Royal Bank of Scotland – claiming they were destroyed by its turnaround unit.   The 140 companies say they were pushed into administration by NatWest…

Small firms to sue RBS after branding City regulator ‘too slow’

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Small firms to sue RBS after branding City regulator ‘too slow’ Sunday Times, 21.08.2016   Small businesses that claim they were mistreated by Royal Bank of Scotland’s turnaround division have abandoned plans to wait for the regulator to establish a compensation scheme and will launch a £1bn legal action against the bank this year.   The…

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