Royal Bank of Scotland admitted it has made bad decisions but vowed it had not 'misled' investors as it lined up its defence against a $6.5bn lawsuit from shareholders.
The Daily Express reports that RBS is filing its defence at the High Court against The Royal Bank of Scotland Shareholder Action Group.
RBS said: 'While RBS and its former directors made some decisions that have been criticised this does not mean that they misled investors or acted illegally. We believe we have strong defences to the claims that are being brought against the group and that is why we intend to defend these vigorously.'
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image: © Mark Ramsey