Page 26 - RBS GRG F Case Study

Commons when he famously said that the GRG was
‘absolutely not a profit centre’.” (14)

Key Points

Key facts uncovered in the BBC/Buzzfeed leaks which

relate to the size of the GRG:

Diagram 2: Key Facts

Despite the protestations by Sach and Sullivan, that GRG

was not only a profit centre, it made over £1.2bn of profit

from interest and fees in 2011. That is before accounting

for the billions of pounds of ‘value-added’ to the balance

sheet they boasted of.