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An RBS executive gave us a detailed response to allegations the bank pushed businesses into default

The Royal Bank of Scotland is back in the spotlight. A number of businesses claimed the lender pushed them into default for profit, and leaked documents to Buzzfeed and the BBC. You can see more information and the leaked documents on the BBC site here. BI contacted RBS about the allegations. Jon Pain, chief conduct and regulatory affairs officer at RBS, sent us the following statement: "RBS has been very clear that GRG’s role was to protect the bank's position, where possible by working with distressed businesses to return them to financial health.
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