Royal Bank of Scotland (RBS) will have to undergo an independent skilled person review of its lending practices following allegations that it put some good and viable businesses into default so it could boost profits.
The review - also known as a section 166 after the part of the Financial Services and Markets Act (FSMA) to which it refers - will look into the banks treatment of customers in financial difficulty...
Upcoming regulatory work
Jump in phishing and 'smishing' tactics reported
£624,311 of assets frozen
Administrative fee waived
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