Cher belting out If I Could Turn Back Time in Las Vegas last year
Many small businesses that borrowed from RBS before the financial crisis may have some regrets about that decision.
However, not as many, it would seem, as the UK’s FCA has over commissioning a report into what exactly was going on at the UK bank’s global restructuring group (GRG) when their loans turned sour.
The 361-page report, written by consultants Promontory Financial Group and commissioned by the FCA, looked into RBS’s mistreatment of many small and medium-sized enterprises that had the misfortune to fall into the hands of the GRG in the recession that followed the 2008 financial crisis.
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