Page 23 - RBS GRG F Teaching Note
P. 23
In 2013 Lawrence Tomlinson reported that GRG took
advantage of struggling businesses to secretly boost RBS
profits claiming that under threat of foreclosure of loans,
the banks seized control of customer assets cheaply from
businesses they claimed were failing even though often they
had not defaulted on any loan repayments. Ultimately this
led to an FCA review:
