RBS referred to regulator over 'horrendous' treatment of small firms

A damning report from businessman Lawrence Tomlinson, an adviser at the Department for Business, Innovation and Skills, into how RBS treated small businesses is due to be published on Monday. The BBC said RBS had put some "good and viable" businesses into default so it could boost profits. It added Cable has passed the document to the Financial Conduct Authority and the Prudential Regulation Authority for its consideration. The 80% taxpayer owned bank is also under scrutiny after a two-month investigation by The Sunday Times which claims to have uncovered the use of a "hit squad"...