berg Banking Report – Chapter 4: The ‘dash for cash’ – How RBS broke British businesses

Meet the team:

Share this post: linkedin Twitter facebookshare Email
Posted in:Banking and Finance, Litigation|December 12, 2016 | Join the mailing list

Chapter 4 of the berg Banking Report focuses on:

The ‘dash for cash’ – How RBS broke British businesses

Leaked files reported in the news on 10th October 2016  revealed RBS systematically crushed British businesses for profit.

The files revealed for the first time that, under pressure from the government, the largely tax payer owned bank ran down businesses in its restructuring unit as part of the deliberate, premeditated strategy to cut lending and bolster profits. And they show that GRG, ignoring repeated warnings about conflicts of interest, collaborated closely with the bank’s own property division, West Register, to buy up heavily discounted assets it had forced its customers to sell.

This blew apart RBS’ previous statements to the public and Parliament and revealed that a deliberate process was adopted by the bank to improve its own position, at the cost of the banks customers, despite its reported claims to the contrary.

The chapter continues to evaluate the GRG West Register Policy and Procedures Manual, and the Strategic Investment Group Policies and Procedures Manual.

Read the full chapter in the berg Banking Report 2016: Championing Change here

To find out more about the issues raised in the berg Banking Report get in touch with our Banking and Finance team on or call +44 (0) 161 829 2599

The information and opinions contained in this article are not intended to be comprehensive, nor to provide legal advice. No responsibility for its accuracy or correctness is assumed by berg or any of its partners or employees. Professional legal advice should be obtained before taking, or refraining from taking, any action as a result of this article.

Join our mailing list

More from berg


"I have been hugely impressed by the common sense approach taken by the entire team as well as by their hard work, good humour and superb advice."

Keith Black, Regatta

“I am genuinely impressed by berg [...] largely due to Alison who is probably the best lawyer I have worked with. Edward helped us deal with the complications that arose in our lives following the destruction of our business. He was helpful, and provided wise advice in a compassionate way..."

Sebastian Parsons, Litigation & Restructuring client