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A short history of RBS’s Global Restructuring Group

June 17th, 2012 (updated November 10th 2012) Have NatWest and RBS gone rogue? Has the Royal Bank of Scotland, which has owned NatWest for the past 12 years, become a ‘rogue’ institution? And more specifically has its global restructuring group, formerly known as specialised lending services, become a quasi-criminal or mafia-like enterprise, whose focus is […]

June 17th, 2012 | Posted in Blog | Read More »

Accusations of “systemic institutionalised fraud” at RBS fall on deaf ears

May 31, 2012 (updated June 7th, 2012) On Wednesday May 30th, a shareholder stood up at the Royal Bank of Scotland’s annual general meeting and made some serious and credible* allegations of “systemic institutionalised fraud” inside the Edinburgh-based bank. Neil Mitchell, a former chief executive of listed software group Torex Retail, claimed that malfeasance and […]

June 7th, 2012 | Posted in Blog | Read More »

RBS and NatWest customers offered range of ethical choices

February 6th, 2012 People approaching Royal Bank of Scotland and NatWest cash machines are increasingly likely to be confronted by a range of ethical choices before they’re able to withdraw their cash. Given the Edinburgh-based bank’s failure to properly reform itself in the wake of its October 2008 taxpayer-funded bailout, and its pariah-like status over […]

February 6th, 2012 | Posted in Blog | Read More »

Is RBS getting value for money from its £200m annual legal bill? Doesn’t look like it

September 20th, 2011 Royal Bank of Scotland spends over £200 million a year on legal fees and employs some of the finest legal minds in the UK. But this hasn’t stopped the bailed-out institution from entering something of a losing wicket in court in recent months. In January 2010, RBS was slated for lacking “candour” in Carlyle vs […]

September 20th, 2011 | Posted in Blog | Read More »

RBS executives seem to think they’re above the law

December 16th, 2010 (minor updates December, 16th 2013) As they scramble to shore up their balance sheets, Britain’s banks are treating some of their corporate and small and medium-sized business customers with barely disguised contempt. A tactic sometimes used once they’ve reneged on pre-crisis lending agreements and decided to recover what they can from a customer is […]

December 16th, 2010 | Posted in Blog | Read More »

The “financial terrorism” of Royal Bank of Scotland

November 27th, 2013 (updated November 28th, 2013) (minor edits December 1st, 2013) Another of the banking scandals I’ve been covering for more than three years is gaining a wider audience, following the publication of the Tomlinson Report on Monday and this morning’s confirmation from the Financial Times that the Serious Fraud Office is “considering” an investigation into the […]

November 27th, 2013 | Posted in Blog | Read More »