Rennie: Scottish businesses deserve answers from RBS bosses

Responding to the announcement that RBS has set aside £400 million to help compensate as many as 4,000 small and medium-sized businesses after allegations were made that they were mistreated by the bank's Global Restructuring Group, Scottish Liberal Democrat leader Willie Rennie MSP said:

“This move to compensate customers who were mistreated by RBS is obviously a step in the right direction but it does not excuse the actions of the bank altogether, and the leaders who were involved in this must be hauled over the coals.

“Taxpayers and Scottish businesses have a right to know what happened here and why a bank was seen to systematically asset strip healthy companies to boost their own balance sheet in a dash for cash.

“A bank that has paid millions in bonuses on the back customers who saw their businesses destroyed is ethically bankrupt. When that bank is part owned by the taxpayer then they must be held to account and brought to Holyrood to explain themselves.”

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