Author Archive

Small business action groups ‘should face more checks’ say campaigners

By |

RGL agrees with Nikki Turner – business owners should do ‘due diligence’. RGL Management Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities.   Small business action groups ‘should face more checks’ say campaigners This Is Money, 27.01.18 Campaigners have called for greater scrutiny of organisations set up to…

RBS to end ‘nightmare’ as scandal report is published

By |

RBS to end ‘nightmare’ as scandal report is published The Times, 31.01.18 RBS report to be published   The Financial Conduct Authority has said it is willing finally to issue a highly critical report into Royal Bank of Scotland’s scandal-hit restructuring unit. In a remarkable reversal of its stubborn resistance to pressure to publish the…

RBS chiefs sorry for ‘awful’ conduct

By |

RBS chiefs sorry for ‘awful’ conduct The Times, 31.01.18 The chairman of Royal Bank of Scotland has admitted his embarrassment over revelations of how it treated small business customers in a bruising session in front of MPs.   Howard Davies, the chairman, described the release of an internal memo showing ways in which bankers were…

‘I was wrong – RBS unit did destroy struggling firms’: Bank chief makes a staggering U-turn in bruising session with MPs

By |

‘I was wrong – RBS unit did destroy struggling firms’: Bank chief makes a staggering U-turn in bruising session with MPs Daily Mail, 31.01.18 The boss of Royal Bank of Scotland was yesterday forced into a humiliating U-turn after defending a ruthless unit long accused of deliberately wrecking companies it was supposed to save.  …

RBS still giving impression that it just doesn’t get it over activities of GRG unit

By |

RBS still giving impression that it just doesn’t get it over activities of GRG unit Independent, 30.01.18 “Sometimes you need to let customers hang themselves.”   That statement infamously appeared on an internal Royal Bank of Scotland (RBS) memo that was issued by its Global Restructuring Group (GRG) and then published by the Treasury Committee….

RBS restructuring arm did not turn around ‘vast majority’ of businesses – CEO

By |

RBS restructuring arm did not turn around ‘vast majority’ of businesses – CEO Reuters, 30.01.18 Royal Bank of Scotland’s (RBS.L) restructuring business did not turn around the “vast majority” of small businesses it worked with, Chief Executive Ross McEwan said on Tuesday in response to lawmakers’ questions.   Royal Bank of Scotland chief executive Ross…

Metro Bank boss slams ‘toxic’ RBS culture during his tenure

By |

Metro Bank boss slams ‘toxic’ RBS culture during his tenure Evening Standard, 30.01.18 Metro Bank boss Craig Donaldson on Tuesday told of the “toxic” culture at Royal Bank of Scotland during his time working there.   Donaldson, who worked for RBS from 2005 to 2009, told the BBC: “It was a miserable place to be,…

Time to end the auditing merry-go-round

By |

Time to end the auditing merry-go-round The Guardian, 30.01.18 Ross McEwan, chief executive of Royal Bank of Scotland, looks ridiculous. For roughly two years, he has resisted publication of the regulator’s so-called “skilled person’s report” into the bank’s bad treatment of small and medium-sized business customers. Now RBS has performed a stunning U-turn.   The…

We need to see the full regulator’s report to clear the stench of RBS

By |

We need to see the full regulator’s report to clear the stench of RBS Sunday Times, 28.01.18 Royal Bank of Scotland chief executive Ross McEwan comes up before the beak this week. Well, the Treasury select committee to be precise. The honourable members are set to quiz McEwan over the bank’s controversial Global Restructuring Group’s…

Business needs banks on side

By |

News Guardian, 25.01.18 Now that the EU Withdrawal Bill has passed its House of Commons’ stages and goes to the House of Lords, the Commons is reverting back to a familiar weekly pattern, with a day of debate inspired by backbenchers.   Whether last Thursday’s backbench debate on banking was the game-changer being claimed, time…

Go Top