Rbs and Lloyds Face Inquiry Into Loan Rip-Off Claims Government Inquiry Into Lending Levels Is Welcomed
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Summary
SCOTTISH businessmen and politicians are backing a UK Government investigation into claims the part-nationalised Royal Bank of Scotland and Lloyds Banking Group have been hitting small and medium- sized firms with artificially high loan rates.
Following scrutiny of their pricing mechanisms for loans, the government is concerned banks are failing to meet the targets it set them as part of the taxpayer-funded bailout.See the full content of this document
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Rbs and Lloyds Face Inquiry Into Loan Rip-Off Claims Government Inquiry Into Lending Levels Is Welcomed
Under the terms of the two banks' participation in the publicly funded insurance scheme for toxic debts, the banks made lending commitments to businesses and homeowners to...
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