Lawyers acting for small firms that say they were driven out of business by Royal Bank of Scotland, have warned the City watchdog that it must act to ensure the bank compensates them fairly.
The Global Restructuring Group, RBS’s business recovery arm, has long stood accused of mistreating small firms in difficulty, and even driving some firms into insolvency.
The bank has denied the allegations, but announced last month it had set aside £400million to compensate small firms for failings in the way it handled them.
City law firm Berg said that the Financial Conduct Authority must examine the detail of the scheme, which has yet to be announced.
Airbus Broughton jobs will rise by nearly 900 as the planemaker hires 430 this year and refits its empty A380 wing plant to build the long-range A321.
The Sprive mortgage app, backed by three Dragons' Den investors, has closed a $10m series A round and says it has saved users more than £300m in interest.
Kemi Badenoch says a Tory government would restore tax-free shopping for international visitors, reversing the 2021 decision to scrap VAT refunds.
