Archive For October 25, 2016

RBS share price slides on warning of £500m charge

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RBS share price slides on warning of £500m charge Invezz, 25.10.16   “Dash-for-cash” scandal likely to hit bank this year   Signs of the potential hit to Royal Bank of Scotland (LON:RBS) over mistreatment of small businesses in its restructuring division unnerved investors yesterday. The stock is underperforming the broader UK market amid estimates that […]

RBS bosses face court as tycoon Stuart Wall brings Libor action

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RBS bosses face court as tycoon Stuart Wall brings Libor action Evening Standard, 19.10.16   Senior figures tied to RBS may be called to give evidence in the High Court next year over allegations they knew Libor was rigged in the run-up to the global financial crisis.   Former RBS investment bank boss Johnny Cameron […]

RBS worth £14.8bn to Treasury

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RBS worth £14.8bn to Treasury Herald Scotland, 19.10.16   THE amount of cash the Government will be able to recover when it sells the Royal Bank of Scotland has been cut for a second time this year, with the bank’s share price remaining depressed all summer.   When the Government bailed the bank out during […]

Stop delaying report on RBS malpractice, Tyrie tells regulator

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Stop delaying report on RBS malpractice, Tyrie tells regulator Times, 19.10.16   The Financial Conduct Authority has been told to say when it will publish its delayed report into the abuse of distressed companies by the Royal Bank of Scotland.   Andrew Tyrie, chairman of the Treasury select committee, has stepped up the pressure on […]

Alleged RBS ‘dash for cash’ victims interviewed by police

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Alleged RBS ‘dash for cash’ victims interviewed by police Herald, 18.10.16   Alleged victims of the Royal Bank of Scotland (RBS) ‘dash for cash’ scandal have been interviewed by police, their lawyers have said.   It follows reports that a secret probe is underway into claims that RBS sent healthy businesses to the wall for […]

Tyrie urges FCA to publish its report into RBS

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Tyrie urges FCA to publish its report into RBS City AM, 18.10.16   The chairman of the influential Treasury Select Committee (TSC) Andrew Tyrie has urged the financial watchdog to publish its report on Royal Bank of Scotland’s treatment of financially distressed business customers.   Tyrie has written to the Financial Conduct Authority (FCA) chief […]

Treasury committee pushes FCA to release RBS report

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Treasury committee pushes FCA to release RBS report Financial Times, 18.10.16   The chairman of the House of Commons Treasury Committee has pressured the Financial Conduct Authority to release a long-delayed report into alleged abuses at Royal Bank of Scotland, with an open letter to FCA chairman Andrew Bailey.   Andrew Tyrie, head of the […]

Donald MacLeod: How many lives have been ruined in the name of profit?

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Donald MacLeod: How many lives have been ruined in the name of profit? Sunday Post, 17.10.16   WHAT a depressing week of news it has been.   There have been endless brutal bulletins and wretched reports, dominated in the main by the war crimes in Aleppo, the mudslinging from the US presidential candidates and our […]

RBS blamed for farm eviction

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RBS blamed for farm eviction The Scottish Farmer, 16.10.16   AN ABERDEENSHIRE farmer has been named as one of the business owners caught up in the row over the Royal Bank of Scotland’s Global Restructuring Group, which has been accused of profiteering off small companies going into administration.   Kenny Riddich, of Corskellie Farms Ltd […]

Call for probe over RBS ‘dash for cash’ leak

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Call for probe over RBS ‘dash for cash’ leak The Times, 16.10.16   Fresh allegations that the Royal Bank of Scotland (RBS) exploited small businesses during the financial crisis should be investigated by the Competition and Markets Authority (CMA), according to a Glasgow lawyer who believes the bank abused its “dominant” position.   RBS faces […]

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