MPs slam RBS chief for ‘extraordinary outburst’ against business owners
Parliamentary banking group heavily criticises RBS chief executive Ross McEwan for what it describes as “offensive comments” relating to owners of distressed businesses.
RBS. Photo: Elliott Brown, Flickr.
Ministers have slammed RBS chief executive Ross McEwan for what they describe as an “extraordinary outburst” against business owners, in light of pressure for details of the bank’s former distressed business unit to be released by the Financial Conduct Authority (FCA).
RBS’s Global Restructuring Group (GRG) undertook "inappropriate action" with 92% of viable businesses, having dealt with tens of thousands during 2005 and 2013, according to an FCA report leaked to the BBC. RBS has denied treating its customers inappropriately on a systematic basis.
In an interview with The Sunday Times, McEwan said he was “tired” of critici
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Related Stories
-
Hornby’s interim chairman sets departure time; Pettigrew quits Crest Nicholson
Hornby interim chairman David Adams prepares to leave the business after four months, while Jim Pettigrew will depart Crest Nicholson and focus on his financial services board roles.
-
Organisational models: why teal is the new colour of business
Is corporate governance being used to resolve the agency problem and shift companies to new organisational models? Recent reforms suggest this is happening, even if it is not intended—and the future looks teal.
-
Workers unwilling to blow the whistle
Worker are not willing to raise concerns about misconduct according to research from the Institute of Business Ethics (IBE).
