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  • Posts Tagged ‘GRG’

    The Times: Lawyers launch petition for financial mis-selling tribunal

    Posted on December 19th, 2016 by Jenny Julian

    The Times Brief reports that we have launched an online petition in an attempt to apply public pressure on banks to settle compensation claims for financial product mis-selling. The petition launched on Friday calls on the government to create a […]

    Petition: Establish a Financial Services Tribunal to resolve customer disputes.

    Posted on December 19th, 2016 by M Ali Akram

    Major banks and other financial services institutions are often in dispute with customers who deserve protection. Access to court is costly. The FOS ombudsman scheme is inadequate. The FCA is not equipped to resolve disputes. Tribunals offer scrutiny, justice and […]

    GRG WestRegister took 80% Equity in Bowlplex – Cost Owners £50m; while RBS Profited £9m

    Posted on December 4th, 2016 by Jenny Julian

    RBS has been accused of deliberately destroying small businesses In the past five years, LexLaw has issued more High Court litigation over bank misconduct than all other law firms in the UK By VICKI OWEN FOR THE MAIL ON SUNDAY […]

    The Lawyer: Dentons and RBS accused of non-disclosure of GRG files in High Court claim

    Posted on November 14th, 2016 by Jenny Julian

    In yet another example of disclosure wrongdoing, The Lawyer’s Tabby Kinder reports that Dentons and RBS have been accused in the High Court of deliberate non-disclosure of documents relating to the bank’s controversial Global Restructuring Group (GRG). The allegations were […]

    Flaws in RBS ‘New Complaints Process’ and ‘Complex Fee Refund’ – RBS GRG West Register compensation scheme examined

    Posted on November 11th, 2016 by Jenny Julian

    Royal Bank of Scotland Plc (RBS) have announced a New Complaints Process and Complex Fee Refunds for SME customers who were in their GRG division between 2008 to 2013. However, this process has serious flaws – those businesses that went […]

    RBS Launches a New Complaints Process and Refund of Complex Fees for SME customers in GRG

    Posted on November 8th, 2016 by Jenny Julian

    RBS has announced, with FCA agreement, (1) a new GRG complaints process, and (2) refunds of some fees paid by SME customers in GRG. LIMITATION WARNING: Businesses that were or are affected by the restructuring or turnaround divisions of the […]

    FCA Statement on the FCA’s review of Royal Bank of Scotland’s treatment of customers referred to its Global Restructuring Group

    Posted on November 8th, 2016 by Jenny Julian

    This statement provides an update on the Financial Conduct Authority’s (FCA) review of Royal Bank of Scotland’s (RBS) treatment of small and medium enterprise (SME) customers in financial difficulty. The statement addresses the announcement made by RBS today regarding customers […]

    RBS GRG Litigation Claims: What is Unlawful Means Conspiracy?

    Posted on October 25th, 2016 by Robert Jones

    A tort is a non-contractual wrongful act or infringement of a right leading to legal liability.  The tort of conspiracy is a civil wrong.  It is distinct from criminal conspiracy, not least in that it includes a requirement that the […]

    The Times: FCA ‘will not rush’ after receiving delayed RBS GRG report

    Posted on October 7th, 2016 by Jenny Julian

    James Hurley, Enterprise Editor, of the Times, reports that the financial services industry’s regulatory watchdog, the FCA, will not rush after receiving a two year overdue s.166 report from Mazars and Promontory into the activities of RBS’ GRG ‘turnaround’ division. […]

    The Times: Firms seek payout for ‘mistreatment’ by NatWest & RBS GRG division (GRG Review Scheme)

    Posted on August 8th, 2016 by Jenny Julian

    James Hurley, Enterprise Editor, The Times reports that small and medium-sized companies that claim they were mistreated by Royal Bank of Scotland’s turnaround division are waiting to hear whether the City regulator will ‘voluntarily’ set up an FCA-agreed GRG compensation […]