RBS in denial

RBS building

Royal Bank of Scotland on Tuesday denied a British lawmaker’s allegation that its executives misled a parliamentary committee over the extent to which the bank mistreated small businesses during and after the financial crisis.

Reuters reports that Clive Lewis, a Labour lawmaker and a spokesman for the opposition party on Treasury matters, said in parliament that a full version of a report into the bank’s behaviour, that has not been made public, gave a different account.

“Having read the document I believe it shows that RBS executives misled the Treasury Select Committee in their evidence,” Lewis told parliament.

“Far from being isolated incidents of poor governance as they claimed to the committee, this report explicitly states their behaviour was, quote, ‘systemic and widespread’.”

A spokesman for RBS denied it had misled the TSC.

Hit the link below to access the complete Reuters article:

RBS denies MP's allegation it 'misled' politicians

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