RBS In Trouble Again
Another day, another issue at RBS. Nothing to break the bank this time, just £150 million or so of fraud. As reported by Law360, a couple of naughty former staffers have been caught fiddling the carbon credit market. We point out that this is a private case, not a criminal one, but it’s still a fair chunk of money for two people to be fiddling around with.
We also draw your attention to an online petition which is gaining a lot of interest. Already, over 100,000 people have added their names to a request that RBS is properly investigated for its role in smashing British small businesses over the last decade. They’re right that the whole truth has not come out, and it will be interesting to see how much of an impact the petition makes.
Just when they thought the government could sell off its RBS shares, the trouble keeps on coming.