RBS admits mis-selling £900m in business loans

[Legal Beagles]

Royal Bank of Scotland has admitted it mis-sold £900m of loans to 9,000 small business customers following complaints that the scheme was not properly explained to borrowers. The loans were made under the taxpayer-backed scheme, the Enterprise Finance Guarantee (EFG). It was set up in 2009 to help businesses who would otherwise find it difficult […]

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[seduraed]

Re: RBS admits mis-selling £900m in business loans

Thorough review ? Hmm so someone will ask the staff "did anyone mis sell the product" and then conclude nothing has been done wrong .