Royal
Bank of Scotland signs are seen at a branch of the bank, in
London
Thomson
Reuters
LONDON (Reuters) – Royal Bank of Scotland staff helping small
firms to restructure debt during the financial crisis were given
a list of ways to squeeze more money from struggling clients and
told to “Just Hit Budget!”, a memo released on Wednesday showed.
The release of the 2008 document by the British Parliament’s
Treasury Select Committee (TSC) comes ahead of a debate by
lawmakers on Thursday on the treatment of small business
customers by the bank’s Global Restructuring Group (GRG).
State-owned RBS has acknowledged some bad practice at the unit
…
Read the full article at: http://www.businessinsider.com/r-just-hit-budget-bankers-at-rbs-restructuring-unit-told-during-crisis-memo-2018-1