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RBS to set aside £400m compensation for small businesses

Wrongdoing under bank's restructuring unit

Royal Bank of Scotland
  • Jayna Rana
  • Jayna Rana
  • @Jayna_Rana
  • 08 November 2016
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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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