30-01-2018 17:52 via uk.news.yahoo.com

RBS boss admits claim about turnaround unit was not true

Royal Bank of Scotland boss Ross McEwan has admitted that a past claim its controversial restructuring unit turned around the vast majority of small businesses it worked with was not true.The bank chief executive spoke as he and chairman Howard Davies faced questions from MPs on the Treasury Select Committee over the state-backed lender's treatment of small firms during and after the financial crisis.RBS's Global Restructuring Group (GRG) handled more than 12,000 struggling firms between 2007 an
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