Sir Vince Cable has criticised the Royal Bank of Scotland boss, Ross McEwan, for his failure to show genuine contrition over the banks mistreatment of small business customers in the aftermath of the financial crisis.
The Liberal Democrat leader also said the bailed-out bank must put aside more money on top of the £400m already committed to compensate firms affected by the banks now defunct global restructuring group (GRG), in the five years after the 2008 banking crisis.
In a strongly worded letter, seen by the Guardian, to the banks chairman Howard Davies, Cable singled out McEwan for his response to an investigation into whether GRG caused financial distress to its customers. Instead of GRG helping to turn them around, businesse…
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