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No Fca Action Against Rbs After Mistreatment Of Small Businesses - Latest News


Finance watchdog faces court action over failure to call RBS to account over small business scandal

It came just three days after the Crown Office said there was no basis for criminal action over complaints about the defunct GRG which repeatedly faced claims that it deliberately forced small ... aga... read more

UK watchdog takes no action against RBS over small business unit

LONDON: Britain’s markets watchdog said it will take no enforcement action against Royal Bank of Scotland over alleged mistreatment of its small business ... that the FCA’s conclusions were correct an... read more

FCA admits it can't take action against RBS on SME abuse

The Financial Conduct Authority (FCA) has admitted it can’t take any action against Royal Bank of Scotland (RBS) or its senior managers over its scandal-ridden small and medium company lending busines... read more

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Business owners launch last-ditch effort to force action against Royal Bank of Scotland GRG bankers

Meanwhile, external legal advice found that no ... taken against senior management or RBS. It is important to recognise that the business of GRG was largely unregulated and the FCA’s powers to take ac... read more


FCA Sued Over Handling Of RBS Restructuring Unit Probe

The claim alleged that the FCA acted unlawfully and is guilty of misconduct in public office over its refusal to take any action against RBS over the way it treated small businesses ... mistreatment o... read more

UK lawmakers call for new powers for watchdog after inaction on RBS

The Financial Conduct Authority (FCA) said it was taking no enforcement action against the bank or staff in its Global Restructuring Group (GRG) unit, accused by small firms ... ministry said the mist... read more

FCA considers further action on RBS turnaround unit

The City watchdog is assessing whether it can take "further action" over state-backed Royal Bank of Scotland's controversial treatment of small businesses, after an independent ... and there are no 'c... read more

Decision to drop RBS probe faces legal challenge

GRG was an RBS unit that restructured corporate clients of the bank that ran into financial difficulties. RBS had been accused of pushing businesses ... FCA’s July decision not to take action against ... read more

FCA pressed to publish full RBS report after 'whitewash' claims

but added it can still take action against RBS or specific individuals and was seeing what it could do within its powers. Last week Police Scotland said it would look into how the bank had treated sma... read more

UK watchdog takes no action against RBS' restructuring unit

LONDON (Reuters) - Britain's markets watchdog said it has closed its enforcement investigation into alleged mistreatment by Royal Bank of Scotland of small business customers, and no action wi... read more

City watchdog taken to court over failure to act in Royal Bank of Scotland GRG scandal

According to court documents, frequent RBS ... the business of GRG was largely unregulated and the FCA’s powers to take action in such circumstances, even where the mistreatment of customers has been ... read more



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