A debate highlighting the treatment of small firms by the Royal Bank of Scotland (RBS) Global Restructuring Group
Treatment of SMEs by RBS Global Restructuring Group (132 KB , PDF)
This backbench business debate is sponsored by Clive Lewis MP. It has been called to highlight the treatment of small firms that were referred to the Global Restructuring Group – a division of RBS – which dealt with small companies that were in financial difficulty. Many such firms feel that they were treated very poorly and their businesses suffered often fatal consequences at the hands of a group which had conflicted incentives. There has been a very lengthy period of enquiry, at least four separate investigations by different bodies, into what happened, including one on behalf of the FCA by a ‘skilled person’ Promontory. The FCA’s final Report is still awaited. Elements of the Interim Report have been contested by RBS.
Treatment of SMEs by RBS Global Restructuring Group (132 KB , PDF)
In response to Russian military action in Ukraine, Western allies and other partners across the globe have imposed an unprecedented package of coordinated sanctions against Russia. What has been announced and are further measures likely? This briefing paper should be taken as correct at the time of writing.
An overview of policy relating to the closure of bank and building society branches and to efforts to protect access to cash.
The financial settlement - often labelled the 'exit bill' or 'divorce bill' - sets out how the UK and EU are settling their outstanding financial commitments to each other.
