Home » May 21st, 2014 Entries posted on “May, 2014”

Lloyds sues RBS for £420m over ‘misleading’ rights issue

By Ian Fraser Published: The Herald Date: 21 May 2014 In an unprecedented clash between two of the UK’s biggest banks, Lloyds Banking Group is suing government owned Royal Bank of Scotland over its “misleading” £12 billion rights issue. In what is seen as the first American-style class action to hit the English courts Lloyds – […]

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

RBS forced to recognize it’s not above the law after losing software dispute

May 12th, 2014 Royal Bank of Scotland is, once again, discovering that it is unable to operate above the law. On Friday, a U.S. judge ordered the Edinburgh-based bank to stop using a software program that underpins its trade finance division, after finding the bank had been infringing the system’s copyright for six years. U.S. District […]

May 12th, 2014 | Posted in Blog | Read More »