Archive For April 24, 2017

One firm’s RBS battle

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One firm’s RBS battle BBC Radio 5 Live, 24.04.17   John Glover is the boss of Bywaters Recycling, one of London’s biggest recycling firms. After switching to Royal Bank of Scotland in 2011, the company was put into its controversial Global Restructuring Group the following year after applying for a bigger overdraft. That move triggered…

FCA plans to publish RBS small business report within a year

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FCA plans to publish RBS small business report within a year City AM, 21.04.17   The long-awaited report on Royal Bank of Scotland’s business turnaround unit should be published within a year, the boss of the City watchdog has said.   The Financial Conduct Authority (FCA) has faced criticism for not releasing the report, which…

RBS forbearance hits £5bn

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RBS forbearance hits £5bn Credit Strategy, 21.04.17   During 2016, the bank saw £834m of new “flows” of personal banking products into forbearance.   As for bad debt levels in more specific elements of consumer lending, RBS wrote off three times as much card debt as it did in 2015, from £10m to £31m in…

RBS senior executive accuses some former clients of being ‘Chancers’ seeking a payday

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RBS senior executive accuses some former clients of being ‘Chancers’ seeking a payday The Express, 16.04.17   Some small business owners who claim they were mistreated by Royal Bank of Scotland’s restructuring division are “chancers” looking for a payday, according to one of the bank’s most senior executives   Last November RBS apologised for the…

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