HomenewsRBS

  • Mis-sold Autopilot Bonds: Have You Been Affected?

    • March 2, 2016
    • Posted by: cooperstern
    • Category: Investment Claims, Uncategorised
    No Comments

    02 March 2016 The Royal Bank of Scotland (RBS) have admitted to the mis-selling of complex ‘structured deposit’ investments know as Autopilot Bonds. Over the past 6 years RBS and Natwest have been mis-selling ‘Autopilot Bonds’ to their customers. These bonds, which have been described as ‘hideously complex’, promised to pay interest over a 5

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  • RBS Set £2bn Aside for Financial Mis-selling and Litigation

    • February 17, 2016
    • Posted by: cooperstern
    • Category: Currency Claims, Investment Claims, Uncategorised
    No Comments

    17 Feb 2016 The Royal Bank of Scotland (RBS) have set aside an additional £2 billion to cover compensation payments for financial mis-selling and past misconduct. £1.5 billion has been set aside to cover litigation costs in the US for mis-selling toxic bundles of mortgage debt. The biggest case to be lodged against RBS involves

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  • RBS forced to hand over Libor documents in £30m lawsuit

    • June 12, 2015
    • Posted by: cooperstern
    • Category: Investment Claims
    No Comments

    12 June 2015 The High Court on Monday has ordered Royal Bank of Scotland to hand over documents relating to its settlement with the Financial Conduct Authority (FCA) over Libor Rigging. The evidence will be part of a lawsuit alleging the mis-selling of four interest rate swaps that were underpinned by the benchmark. The claimant,

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  • RBS to pay out £70m for mis-selling scandal

    • June 4, 2015
    • Posted by: cooperstern
    • Category: Uncategorised
    No Comments

    04 June 2015 The Royal Bank of Scotland (RBS) are offering 24000 customers compensation totalling £70m after admitting to the mis-selling of complex ‘structured deposit’ investments. Over the past 6 years RBS and Natwest have been mis-selling ‘Autopilot Bonds’ to their customers. These bonds, which have been described as ‘hideously complex’, promised to pay interest

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  • RBS sets aside £190m for investment advice redress

    • May 1, 2015
    • Posted by: cooperstern
    • Category: Uncategorised
    No Comments

    1 May 2015 The Royal Bank of Scotland has this week revealed it has set aside £190m to cover claims relating to investment advice. Majority state owned RBS, in their latest results, divulge losses for the first three months of the year. They have made losses of £446m in the first quarter, which compares with

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