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dipsydoodle

(42,239 posts)
Wed Apr 3, 2013, 07:35 AM Apr 2013

Investors launch £3.5bn compensation claim against RBS

Thousands of investors have launched a joint compensation claim for more than £3.5bn against Royal Bank of Scotland.

The group claims the bank deliberately misled shareholders into believing it was in good financial health just before it collapsed in 2008.

More than 12,000 private shareholders and 100 institutional investors have raised a class action against the bank.

They are also suing former top RBS executives, including ex-chief executive Fred Goodwin.

http://www.bbc.co.uk/news/uk-scotland-scotland-business-22013724

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