Tag: West Register

GRG RBS WESTREGISTER

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

The leaked 2009 internal memo from RBS’s Global Restructuring Group (GRG), titled “Just Hit Budget!”, reveals aggressive tactics aimed at extracting maximum profit from struggling SME customers. The memo outlines a systematic approach to pressure businesses, including leveraging fees, forcing deal signings, and deliberately letting customers fail – referred to chillingly as “let customers hang themselves.” This memo exemplifies the toxic culture within GRG that led to severe financial distress for many SMEs.

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Litigation: What is Unlawful Means Conspiracy?

Unlawful means conspiracy is a civil tort where two or more individuals collude to harm another using illegal methods. Victims of such misconduct may find this tort useful in seeking compensation for acts that might not be actionable independently. By understanding unlawful means conspiracy, individuals can assess their legal options and protect their rights against potential wrongdoing.