Latest News

November 28, 2017

Taxpayers stake in RBS to be sold for £26bn loss

Chancellor of the Exchequer, Philip Hammond, announced during the Autumn Budget that the taxpayers 71 percent stake in Royal Bank of Scotland (RBS) will be sold […]
November 20, 2017

Small business owners take Barclays to High Court over mis-sold swap

Barclays Bank took to High Court in a landmark case after being alleged of mis-selling an overly complex interest-rate swap to a small business who claim to have […]
November 15, 2017

“Businesses were ruined, families were torn apart, people took their own lives.”

An FCA investigation into the Global Restructuring Group shows that less than 10 per cent of businesses transferred to the turnaround unit ended up in insolvency, […]
November 6, 2017

Vince Cable calls for more compensation for GRG victims

Liberal Democrats Leader, Sir Vince Cable, has criticised RBS Boss for setting aside just £400m in compensation for GRG victims, calling it ‘inadequate’. He said that […]
November 1, 2017

Bailey tells RBS boss to ‘get his act together’ and pay victims

Andrew Bailey, Chief Executive of the Financial Conduct Authority (FCA), voiced concerns at a Treasury Select Committee meeting yesterday over the methodology of the Global Restructuring […]
October 25, 2017

Former HSBC Exec guilty of fraud

Former HSBC banker has been found guilty of fraud by a US jury after defrauding client, Cairn Energy, over a $3.5bn currency deal in 2011. Mark […]