RBS squeezed struggling businesses to boost profits, leak reveals

RBS squeezed struggling businesses to boost profits, leak reveals
 

Royal Bank of Scotland secretly tried to profit from struggling businesses, leaked documents show.
The bank bought up assets cheaply from failing businesses it claimed to be helping, the confidential files reveal.
Staff could boost their bonuses by finding firms which could be squeezed in what it called a "dash for cash".
RBS said it had let some small business customers down in the past but denied it deliberately caused them to fail.
The cache of documents, passed by a whistleblower to BuzzFeed News and BBC Newsnight, support controversial allegations in a report three years ago... read more

 
10 October 2016 in Regional, Views: 71
Source: BBC
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