Page 250 - Bank Case Studies
P. 250
The chairman of the Treasury Select Committee criticised RBS for
being “willfully obtuse” and delivering a “belated U-turn” when the
panel grilled RBS executives over the GRG unit.
Sullivan and GRG boss Derek Sach sent a letter of apology to the TSC
panel for misleading statements made.
GRG documents leaked “project dash for cash”.
August 2014
RBS shut down the GRG unit
January 2015
Chris Sullivan leaves the bank
October 2016
RBS documents, passed by a whistleblower to BuzzFeed News and
BBC Newsnight, support controversial allegations in Tomlinson
Report.
The FCA received the final report from the skilled person.
GRG documents leaked “project dash for cash”.
November 2016
RBS announced their admission that they did not treat customers
fairly and will be setting up a Complaints Review scheme for those
affected by GRG.
August 2017
BBC reports on leaked FCA Full Report and
September 2017
FCA refuses to publish full report
October 23 2017
