RBS accused of making money by forcing small and medium-sized businesses into bankruptcy

SOURCE GUARDIAN: RBS accused of pushing small businesses to the edge to boost profitsCity regulators have been handed a dossier of evidence compiled by an adviser to Vince Cable which claims that Royal Bank of Scotland was deliberately wrecking viable small businesses to make profits for the bailed out bank. Cable, the business secretary – a long-time critic of the banking industry's lending practices – said some of the allegations were so serious that he had handed the report, compiled by businessman Lawrence Tomlinson, to the regulators and the bank.

OUR RELATED STORIES:

Interest Rate Swap mis-selling to small businesses: See how the banks have hijacked the compensation procedures

Did Royal Bank of Scotland seize assets of small business debtors and sell them, well below true value, to its subsidiary?

Graphs at a glance: Government wants you to think we made a profit on sale of Lloyds Bank shares. Actually we made a thumping loss!

Graphs at a glance: How re-mortgaging covered up the theft of Britain's growing wealth in the boom, and helped cause the bust

Liebrary: Do we have to maintain exorbitant pay for bankers because everybody else does? See the data that shows we've been suckered

Graphs at a glance: Legal usury in the high street. How high street banks push people into the hands of payday lenders

Graphs at a glance - banker remuneration per head is now even higher than before the banker induced Credit Crisis