RBS to set aside £400m compensation for small businesses
Wrongdoing under bank's restructuring unit
The Royal Bank of Scotland will today announce its plans to put aside £400m to compensate the small businesses that were affected by wrongdoing in its restructuring business Global Restructuring Group (GRG).
Small businesses were moved under the control of GRG after the financial crisis but allegedly suffered from conflicts of interest and a lack of transparency on fees, according to the FT. The bank has...
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