Subscribe to our newsletter

sign up

UK watchdog under fire for lack of penalties in RBS small-business scandal

Senior politicians have lambasted Britain’s financial watchdog for failing to take action against RBS or its former executives for past mistreatment of small business customers.

Shared by KYC360
June 17, 2019

share this article

The Financial Conduct Authority (FCA) said it was sticking by its decision not to apply penalties for actions of RBS’s former turnaround unit, the Global Restructuring Group (GRG).

Read more at KYC360.

Over 325,000 businesses now using MTD, says HMRC

UK's equity investment market up 72%, says British Business Bank

related articles

Empty shop numbers rise as COVID continues to bite

UK mortgage lending booms but consumers stay wary about debt

UK’s search for trade with developing countries raises TBML alarm

Businesses that failed to service deferred VAT slapped with fines

UK watchdog demands 40% women in boardrooms, ethnic diversity

Calls to extend complex Brexit Support Fund

must reads

latest poll

When it safe to do so do you anticipate that your business will want to facilitate more employees working from home than it used to?

View previous polls

recent comments

array(3) { [0]=> object(stdClass)#9744 (31) { ["id"]=> string(5) "22556" ["contentid"]=> string(5) "36863" ["component"]=> string(11) "com_content" ["ip"]=> string(14) "162.158.158.57" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "1 week ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(13) "PK. FFA FIPA" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(40) "Our CEO is absolutely correct in his..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "9815907e32a737065cc367203916afc5" ["moderate_hash"]=> string(32) "966f324acb03b84a75ca45f36c79072d" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(13) "PK. FFA FIPA" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22556" ["overlayComment"]=> string(109) "Our CEO is absolutely correct in his article ,lawyers,Doctors,etc are protected why not qualified accountants" } [1]=> object(stdClass)#9771 (31) { ["id"]=> string(5) "22555" ["contentid"]=> string(5) "38648" ["component"]=> string(11) "com_content" ["ip"]=> string(13) "141.101.98.30" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "1 week ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(9) "Anonymous" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(41) "My comments are on the basis that this..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "0ef6e121007104d21f54bd6ebbf943f7" ["moderate_hash"]=> string(32) "14ea9342c0bff6f7d2a5a147f8b8b66f" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(9) "Anonymous" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22555" ["overlayComment"]=> string(100) "My comments are on the basis that this money in a jam-jar approach solves nothing in the national..." } [2]=> object(stdClass)#9722 (31) { ["id"]=> string(5) "22554" ["contentid"]=> string(5) "38630" ["component"]=> string(11) "com_content" ["ip"]=> string(13) "141.101.69.85" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "1 week ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(4) "SidJ" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(35) "Good article on MTDfITSA and how..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "f47eb68e6c6c3fd6ec128fd955ae76a4" ["moderate_hash"]=> string(32) "c45da0072d23f6bc97d7f17d2920872d" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(4) "SidJ" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22554" ["overlayComment"]=> string(63) "Good article on MTDfITSA and how practices shall need to adapt." } }