RBS under attack over SME lending

Allegations that RBS forced viable businesses into insolvency has landed the bank once more in hot water.

The Royal Bank of Scotland is facing a possible criminal investigation by the Serious Fraud Office (SFO) into allegations of unscrupulous treatment of distressed small business clients.

An independent report by government adviser Lawrence Tomlinson has claimed that the bank currently 81% owned by the state deliberately forced some borrowers into turnaround and insolvency so as to profit from higher fees and the opportunity to take control of their assets.

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