MPs concerned by 'rebranding' of RBS restructuring division
by Nick Fletcher from on (#3GWE3)
New office comprised mostly of staff who worked for Royal Bank of Scotland's 'disgraceful' GRG
Three-quarters of the staff and nearly all the senior managers at Royal Bank of Scotland's new division, which supports struggling businesses, previously worked at its controversial Global Restructuring Group, which has been accused of pushing firms into bankruptcy.
The Treasury select committee, which last week published a full report into the GRG scandal, said 136 of 182 employees at the current restructuring business and 30 out of 32 senior managers came from GRG.
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