Ulster Bank drawn into scandal of RBS restructuring unit
The Central Bank is facing new calls to investigate Ulster Banks controversial business restructuring unit after a leaked report criticised its parent group for what it described as the widespread mistreatment of its customers.
The UK Financial Conduct Authority found that customers whose cases were handled by Royal Bank of Scotlands Global Restructuring Group (GRG) were routinely mistreated in a manner that caused many of them material financial distress.
The failings that we identify were not the one-off errors o…
Read the full article at: https://www.thetimes.co.uk/article/investigate-mistreatment-of-small-firms-bank-told-n3qcdxkdp