‘Lobo’ loans with RBS cost significantly more for local authorities than standard loans with the UK Government’s Public Works Loan Board

Almost one in three want RBS to be run as a nationalised bank for the foreseeable future

George Kerevan: “This is RBS using OUR money in a scam to raise share prices - £1.4bn of state-owned, bailed-out bank cash that should be used to invest in the economy”

Evidence emerges UK Government Asset Protection Agency pushed RBS outfit to take aggressive measures against small and medium businesses

10 years on from the financial crash, how Britain was brought to the brink of collapse

A DECADE on from the crash of 2008, major questions are still unanswered about how successive governments and global financial elites led Britain to the brink of financial ruin. How did they get it so wrong? 

RBS have once again been forced to pay a fine for reckless and potentially criminal behaviour. The list of offences is a long one, it’s owned by the state – but still our politicians are silent

SERIOUS fraudster. Multiple-offender. Destroys small businesses. Broke the economy. Rewards pure greed. Drains cash-strapped local authorities to finance PFI. Terrible at servicing its customers. Will likely break the economy again in the near future.

New poll from banking reform group Positive Money shows 72 per cent believe banks should have faced harsher penalties after financial crisis as RBS agrees to pay £3.6 billion for misconduct

A MAJORITY of the British public do not trust banks to work in the UK’s interests, believe that banks should have faced greater penalties for their role in the 2008 financial crisis, and worry that the banking sector may cause further economic disaster, new polling has revealed.

Adopting UK banking regulations in an independent Scotland would be at odds with the work of the SNP in Westminster, according to former SNP MP George Kerevan

FINANCE campaigners and experts have told CommonSpace that the plans in the Sustainable Growth Commission to adopt the UK’s financial regulation rule-book in an independent Scotland would be a “curious misstep”.

Campaigners call on local authorities, including Edinburgh City Council, to take action against the loans and ensure hundreds of millions are saved for local taxpayers

RBS has been accused of committing a “fraud over the people” and seeking to extract the “maximum interest possible” from local authorities struggling with austerity cuts due to the role the bank places in LOBO loans.