A businessman who wrote a government report that criticised RBS has been told he can no longer remain a customer of the bank, according to the BBC's Panorama programme.
In the 2013 report, Lawrence Tomlinson accused RBS of systematically wrecking viable businesses. And in 2014, RBS deputy chief executive Chris Sullivan told him he would have to take his mortgage, business and personal accounts to another bank. But RBS said the decision had nothing to do with the critical report. Tomlinson's report accused RBS of using questionable property valuations to artificially downgrade viable businesses. He said the businesses had then been moved to the bank's Global Restructuring Group (GRG), which had charged extra interest and fees. RBS denied GRG ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
