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RBS accused of ‘misleading’ MPs over treatment of small businesses

A Labour MP says Royal Bank of Scotland bosses misled an influential Government committee over how it treated small companies.

According to the BBC, Labour’s Treasury spokesman Clive Lewis says he has a full, unredacted copy of a FCA report, which examines the conduct of RBS’s Global Restructuring Group.

Lewis says the report states RBS’s behaviour was “systemic”. Previously, RBS executives told the Treasury Select Committee mistreatment was “isolated”.

In a statement to the BBC, RBS says the evidence given to the Treasury committee “accurately reflected” its position.

It says: “We are not clear on what basis the allegations are being made, but we would strongly deny the suggestion we misled the committee.”

Lewis says: “Having read the document, I believe it shows that RBS executives misled the Treasury Select Committee in their evidence and had a stated policy of misleading members of this House.”

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