RBS to pay back £400 million for GRG’s “serious failings” but this will be no consolation to the owners of the businesses they destroyed.
RBS has set aside a £400 million fund for a complaints scheme to return complex and opaque fees wrongfully charged to 4,000 of the 12,000 companies, many of which were forced into insolvency, that were handled by the bank’s discredited Global Restructuring Group (GRG) between 2008 and 2013. This follows the publishing of preliminary findings […]
