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‘Disgraceful’ lack of progress by RBS over GRG group restructuring scandal – The Times

James Hurley, Enterprise Editor

Andrew Gibbs, an architect, says an update on his case doesnt even make senseSTEPHEN POND FOR THE TIMES

Business owners affected by Royal Bank of Scotlands restructuring scandal have expressed frustration at what they say is a lack of progress in the lenders compensation scheme.

RBS has paid millions in automatic refunds of fees it wrongfully charged, but the bank has taken longer than expected to get its complaints and appeals process off the ground.

Only one case has been referred to Sir William Blackburne, the former High Court judge who is providing independent oversight of the redress scheme for small and medium-sized companies that suffered at the hands of the banks Global Restructuring Group.

Lord Cro…

Read the full article at: https://www.thetimes.co.uk/article/disgraceful-lack-of-progress-by-rbs-over-restructuring-scandal-h9hwhgbs3

Category: RestructuringBy Insolvency GuardianJuly 30, 2017

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‘Disgraceful’ lack of progress by RBS over GRG group restructuring scandal – The Times

James Hurley, Enterprise Editor

Andrew Gibbs, an architect, says an update on his case doesnt even make senseSTEPHEN POND FOR THE TIMES

Business owners affected by Royal Bank of Scotlands restructuring scandal have expressed frustration at what they say is a lack of progress in the lenders compensation scheme.

RBS has paid millions in automatic refunds of fees it wrongfully charged, but the bank has taken longer than expected to get its complaints and appeals process off the ground.

Only one case has been referred to Sir William Blackburne, the former High Court judge who is providing independent oversight of the redress scheme for small and medium-sized companies that suffered at the hands of the banks Global Restructuring Group.

Lord Cro…

Read the full article at: https://www.thetimes.co.uk/edition/business/disgraceful-lack-of-progress-by-rbs-over-restructuring-scandal-h9hwhgbs3

Category: RestructuringBy Insolvency GuardianJuly 30, 2017

Post navigation

PreviousPrevious post:4 Nifty Tricks to Help You Make Your Debt Disappear – Madison.comNextNext post:Will Pauline Hanson’s Sister Replace Senator Malcolm Roberts if he is Disqualified? – ABC Online (blog)

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Real estate businesses seek restructuring of overdue, coming due bonds – Viet Nam News
July 17, 2024
SK Ecoplant to merge tech unit for group restructuring – Korea Economic Daily
July 16, 2024
Revenue negotiations on warehouse debt cited as reason for decline in small company restructurings, study says – The Irish Times
July 16, 2024
Over 200 jobs saved so far this year through small business restructuring process – Irish Examiner
July 15, 2024
Atos secures funding for rescue plan, lives to fight another day – The Register
July 15, 2024
McGrathNicol celebrates twenty years in business recovery – Consultancy.com.au
July 13, 2024
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