LONDON (Reuters) – Royal Bank of Scotlands (RBS.L) restructuring business did not turn around the vast majority of small businesses it worked with, Chief Executive Ross McEwan said on Tuesday in response to lawmakers questions.

McEwan and RBS Chairman Howard Davies were being grilled by members of the Treasury Select Committee, which has challenged state-backed RBS on its treatment of troubled small businesses during and after the financial crisis.

RBSs Global Restructuring Group (GRG) handled around 12,000 struggling firms between 2007 and 2012, some of which accuse the bank of pushing them into bankruptcy to pick up their assets on the cheap.

Nicky Morgan, who chairs the Treasury committee, asked McEwan about a statement he made in 20…

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