FCA appoints Promontory and Mazars to review RBS failures

The report will examine the bank's treatment of business customers in financial difficulty amid allegations that it had put businesses into default so it could boost profits. The decision by the regulator to launch an independent s166 review followed damning reports by Sir Andrew Large into the bank's lending practices and, separately, by Dr Lawrence Tomlinson into banks' treatment of customers having financial problems. The first stage of the review will examine RBS' treatment of a sample of customers referred to its Global Restructuring Group and whether any poor practices identifie...