10-10-2016, 01:07 PM
from https://www.buzzfeed.com/heidiblake/dash-for-cash
Quote:The Royal Bank of Scotland killed or crippled thousands of businesses during the recession as a result of a deliberate plan to add billions of pounds to its balance sheet, according to a leaked cache of thousands of secret documents.
The RBS Files revealed today by BuzzFeed News and BBC Newsnight lay bare the secret policies under which firms were pushed into the bank's feared troubled-business unit, Global Restructuring Group (GRG), which chased profits by hitting them with massive fees and fines and by snapping up their assets at rock-bottom prices.
The internal documents starkly contradict the bank's public insistence that GRG acted as an "intensive care unit" for ailing firms, tasked with restructuring their loan agreements to "help them back to health".
: ::face.palm:: Business as usual I see.