Page 214 - Bank Case Studies

Global Restructuring Group (2005-2014)

RBS had, since 2013, been subjected to a number of well-

publicised and serious allegations in relation to the conduct
of its Global Restructuring Group (“GRG”) often being

portraying as

“a bank which shows such utter contempt for

small businesses and the rule of law…and It gets

worse.” (2)

Between 2008 and 2013 RBS put 16,000 business customers

into its GRG division, telling many it was there to help turn

their fortunes around. (1)

The Telegraph Newspaper reported how:

“On Saturday 28 December 2013 Neil Mitchell a

business owner whose firm was “minced” by RBS

Global Restructuring Group (GRG) appeared on

the Keiser Report. Neil has campaigned against

GRG for several years, providing evidence of

massive GRG fraud, including pressuring SME’s to

deny HMRC of taxes, 3 years ago to Stephen

Hester and Sir Phillip Hampton.” (2)