LONDON, Oct 23 (Reuters) – Royal Bank of Scotland said on Monday the potential bill for claims against its small business restructuring division will remain at 400 million pounds ($528 million) after misconduct allegations against it were dismissed by Britains financial regulator.
Britains Financial Conduct Authority on Monday published a detailed summary of a report into RBS Global Restructuring Group (GRG). Customers have accused the GRG of pushing ailing firms into bankruptcy to pick up their assets on the cheap.
The FCA last year effectively cleared RBS of the many of the allegations by customers. The bank set up the 400 million pound scheme to reimburse fees to customers who say they were mistreated.
The FCAs summary said the most s…
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