Wednesday 13 August 2014

Some perfectly profitable businesses got RBS 'support' - Reads like those profittable businesses that get forced into factoring by Barclays, Lloyds, RBS to be shredded of their assets


Clifford Chance "identified a number of other cases where a customer had been transferred to BRG [Business Restructuring Group] without an event of default having occurred.”

In short, the firms were not struggling with their loans, but were still deemed to need help.

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