Royal Bank of Scotland Group’s denial over SMEs

Royal Bank of Scotland Group denied deliberately forcing the collapse of small business customers in the wake of the 2007 financial crisis after two news organisations published leaked internal documents.

The majority taxpayer-owned lender sought to make more money from small-and medium-sized enterprises that ran into trouble during the financial crisis as part of a project code-named ‘Dash for Cash’, according to documents published by the BBC and Buzzfeed News.

While Edinburgh-based RBS said in a statement that it failed to meet its standards and let some customers down, it denied deliberately forcing their collapse.