The Royal Bank of Scotland has defended claims that its instruction of Clifford Chance to lead an independent review into the bank's lending activities amounts to a conflict of interest.
November 28, 2013 at 07:04 AM
1 minute read
The original version of this story was published on Legalweek
The Royal Bank of Scotland (RBS) has defended claims that its instruction of Clifford Chance (CC) to lead an independent review into the bank’s lending activities amounts to a conflict of interest.
On Monday (25 November), RBS confirmed it had instructed CC to investigate claims the bank conducted a “systematic” effort to profit on the back of small business customers in financial distress.
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