The Trader 

Market Outlook: RBS withheld information

The Trader

Nicky Morgan, Tory chair of the Treasury Select Committee, has accused RBS CEO Ross McEwan of ‘withholding information’ during January’s grilling by parliament over alleged bribery at its GRG restructuring group.  She continues:  ’’more generally, the committee is concerned by the pattern of defensiveness, and a failure to acknowledge mistakes, demonstrated by RBS throughout its handling of the GRG affair.  Mr McEwan’s letter to me is an example of this, and it casts doubt on his assurances that RBS’ culture has changed fundamentally since he took up his position 5 years ago.’’

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