A long-awaited report into a unit of Royal Bank of Scotland has found no firm evidence that it deliberately pushed small businesses into bankruptcy for its own profit.
An independent report ordered by the Financial Conduct Authority has scrutinised dozens of allegations about RBSs now-defunct Global Restructuring Group.
But the most serious of these, that the taxpayer-controlled bank deliberately caused small businesses to fail in the wake of the financial crisis, was not supported by the evidence, according to people who have seen the report.
However, while the most serious allegation may not be borne out, the report still makes sorry reading for RBS, those people added.
Publication of the report was first slated for last year but…
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