Parliamentary banking group heavily criticises RBS chief executive Ross McEwan for what it describes as “offensive comments” relating to owners of distressed businesses.
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 criticism of the bank, stating there was no evidence of RBS deliberately destroying businesses for their as