lawrence tomlinson

Report into RBS passed to watchdogs

Business secretary Vince Cable has passed a report that claims RBS has put some “good and viable” businesses into default financial regulators.

Government advisor, Lawrence Tomlinson has released a report today which focuses on the way that RBS has been operating its Global Restructuring group (GRG).

The GRG is the ‘turnaround’ division of RBS which takes loans viewed as risky...