RBS admits mis-selling loans to businesses

January 2015
Evening Standard;1/15/2015, p47
ROYAL Bank of Scotland today admitted mis-selling loans to business customers under a taxpayer-backed scheme. An internal review revealed it had not fully explained elements of the Enterprise Finance Guarantee scheme to customers. RBS loaned more than £900 million to 9000 firms under the scheme. It is unclear whether it will be fined.


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