Regulator decides no further action will be taken against RBS despite its treatment of customers falling ‘well short’ of standards
No action will be taken against Royal Bank of Scotland and its senior managers over the activities of its controversial Global Restructuring Group (GRG) despite the fact its treatment of customers "fell well short" of high standards, the regulator has said.
The Financial Conduct Authority said its powers were very limited and that there were no "reasonable prospects of success" when it came to action against senior managers. Earlier this year, a full 362-page report was published about the ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
