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RBS ‘Dash for Cash’ scandal: 500 firms suing bank turn anger on regulator

By Ian Fraser Published: Sunday Herald Date: 16 October 2016 A GROUP of almost 500 businesses suing the Royal Bank of Scotland for allegedly destroying their firms and seizing their assets is threatening legal action against the Financial Conduct Authority if it does not immediately publish its long-awaited report into the scandal. The central allegation […]

October 16th, 2016 | Posted in Article Library | Read More »

RBS boss Ross McEwan answers critics live on LBC

29 April 2016 Royal Bank of Scotland chief executive Ross McEwan appeared on LBC for a half-hour phone-in chaired by Nick Ferrari on 20th November last year. Callers included Ray Perman, former FT journalist and author of Hubris: How HBOS Wrecked The Best Bank In Britain, who asked some powerful questions about regulatory failure in the light […]

April 29th, 2016 | Posted in Blog | Read More »

RBS fails to get two key elements in £33m swaps case struck out

26 April 2016 By Ian Fraser A High Court ruling over evidence relating to its rigging of Libor and the destruction of businesses via its global restructuring group, looks like a turning point for RBS The Royal Bank of Scotland has failed in its attempt to strike out key elements of a major claim against its activities, concerning both its infamous […]

April 26th, 2016 | Posted in Blog | Read More »

Businesses trashed by RBS ‘vampire unit’ refuse to co-operate with FCA appointed sleuths

By Ian Fraser Published: Sunday Herald Date: 4 October 2015 Businesspeople who claim to have been ruined by RBS’s Global Restructuring Group are refusing to co-operate with a firm hired by the Financial Conduct Authority to investigate the scandal, potentially derailing the probe into the bank’s so-called “vampire unit”. The RBS GRG Business Action Group […]

October 4th, 2015 | Posted in Article Library | Read More »

Pressure grows on RBS as victims of restructuring scandal cry foul at “conflicted” advisors

By Ian Fraser Published: Sunday Herald Date: 30 August 2015 A former Aberdeen oil firm owner who accuses RBS of “stitching up” his business has criticised the bank for appointing the accountancy firm that handled his firm’s administration to review alleged wrongdoing by RBS’s global restructuring group (GRG). Rod Coffey, former chief executive of Stable […]

August 30th, 2015 | Posted in Article Library | Read More »

Osborne should break up RBS and Lloyds, not chase a fast buck

March 11th, 2015 Britain’s banks would never have been able to get away with behaving as badly as they have, to missell as many financial products or ruin as many viable business customers if their sector had been subject to proper competition, the former entrepreneur-in-residence at the Department of Business Innovation and Skills, Lawrence Tomlinson, has said. […]

March 11th, 2015 | Posted in Blog | Read More »

The dog that eats up debt

By Ian Fraser Published: Sunday Herald Date: 21 December 2014 [Note this the unedited version of a business focus article published in the Sunday Herald on 21 December 2014] Banks including the Royal Bank of Scotland and Lloyds Banking Group have found a new way of freshening up their balance sheets and ridding  themselves of business customers […]

December 21st, 2014 | Posted in Article Library | Read More »

US law firm takes on action group’s case against RBS

By Ian Fraser Published: Sunday Herald Date: 12 October 2014 Several hundred businesses that claim to have suffered at the hands of Royal Bank of Scotland’s “turnaround” division have appointed US law firm Quinn Emanuel Urquhart & Sullivan to represent them in a planned case against the bank. The RBS GRG Business Action Group members […]

October 12th, 2014 | Posted in Article Library | Read More »

RBS: papering over the cracks

By: Ian Fraser Published: Sunday Herald Date: 17 August 2014 The decision by RBS to dissolve its Global Restructuring Group, an arm of the bank that stands accused of destroying viable UK businesses for profit, will do little to repair the damage caused to the bank’s beleaguered reputation. By Ian Fraser As a damage limitation […]

August 17th, 2014 | Posted in Article Library | Read More »

RBS job advert casts doubt on the assertions of Sach

June 26th, 2014 The Royal Bank of Scotland seems to be rather confused over whether its infamous Global Restructuring Group is run as a “profit centre”. A job advertisement placed by the bank in January 2014, clearly states that the “role purpose” of relationship managers within GRG is to be “a major contributor to the […]

June 26th, 2014 | Posted in Blog | Read More »