Jonathon Reynolds MP, Labour’s Shadow City Minister, responding to leaked documents which allege that RBS secretly tried to profit from struggling businesses, said:

“These shocking revelations are a damning indictment of RBS’s behaviour during the financial crisis.

“RBS managers are alleged to have created misery for thousands of small business owners and staff, then repeatedly misled the public and the Treasury Select Committee about their actions, even as they were driving small businesses into the wall.

“The Financial Conduct Authority’s investigation should be published as soon as possible and, if laws have been broken, individuals must be held responsible. Britain’s small businesses should never again be treated as cash cows by a bank.

“Post-Brexit we want to protect UK jobs in financial services - but that must mean financial institutions that serve the country rather than exploiting customers”.

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