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  • Posts Tagged ‘Royal Bank of Scotland’

    RBS to Expand GRG Redress Scheme: Independent Oversight for Consequential Loss Compensation Appeals Process

    Posted on May 24th, 2018 by Jaron Dosanjh

    The Royal Bank of Scotland (RBS) has recently announced that it will expand its redress scheme to include appeals with independent third- party oversight for consequential losses incurred by businesses in its Global Restructuring Group (GRG) turnaround division. RBS’s Chief […]

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    Property Alliance Group v RBS [2018]: Court of Appeal Opens the Door for Implied Misrepresentation Claims against Banks Mis-selling LIBOR-linked Derivatives

    Posted on March 5th, 2018 by Jaron Dosanjh

    The Court of Appeal (Sir Terence Etherton MR, Longmore LJ and Newey LJ) handed down judgment in the highly anticipated appeal from Asplin J’s decision in Property Alliance Group Ltd v The Royal Bank of Scotland Plc [2016] EWHC 207 […]

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    Letter from the FCA to the Treasury Select Committee detailing FCA powers and regulatory perimeter (30 January 2018)

    Posted on February 6th, 2018 by Jaron Dosanjh

    The Treasury Select Committee has published a Letter from the Chief Executive of the FCA relating to the powers and perimeter of the FCA, dated 30 January. The letter provides a useful outline on the FCA’s regulatory ambit, especially in relation to RBS GRG, embedded […]

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    HM Parliament Condemns RBS GRG’s Parasitic Treatment of SMEs

    Posted on January 26th, 2018 by Jaron Dosanjh

    On 18 January 2018, a Parliamentary backbench motion on RBS’s Global Restructuring Group’s (GRG) systemic failure to protect SMEs has received unanimous Ministerial support in condemning the bank’s parasitic relationship and systematic asset stripping of the British business sector. The debate […]

    RBS’ GRG ‘Just Hit Budget’ Memo: ‘let customers hang themselves’

    Posted on January 19th, 2018 by Jaron Dosanjh

    “Rope: Sometimes you need to let customers hang themselves.” A damning 2009 internal memo entitled “Just Hit Budget!” was published on 17 January by the Treasury Select Committee as MPs ramp up their investigation into RBS’s Global Restructuring Group’s mis-treatment of SME’s. […]

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    Ross McEwan claims RBS “deeply regret the mistakes made in the past” yet fails to accept critical report’s findings in letter to Nicky Morgan MP

    Posted on November 2nd, 2017 by Sophia Hanif

    In a letter to Treasury Select Committee chair Nicky Morgan MP, Ross McEwan, Chief Executive of the Royal Bank of Scotland Group, speaking about the GRG report, acknowledges that the bank could have “done better” in managing SME customers in financial […]

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    Data Protection Act (DPA) Subject Access Request (SAR) to Obtain Personal Data Held by RBS GRG, Promontory, Mazars, the FCA and the BBC

    Posted on September 15th, 2017 by Jenny Julian

    In 2014, Promontory Financial Group and Mazars were appointed by the FCA to prepare an independent skilled persons report into RBS Global Restructuring Group’s conduct, which was produced in September 2016. This report provides a detailed review of the GRG […]

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    RBS GRG Litigation Claims: What is Unlawful Means Conspiracy?

    Posted on October 25th, 2016 by Jenny Julian

    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 […]

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    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 […]

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