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5 Explosive Emails In New Claim Of Gov't Role In RBS Unit

Law360, London (February 28, 2019, 9:05 PM GMT) -- An updated suit over the Royal Bank of Scotland's controversial restructuring unit includes potentially damaging new emails suggesting the government propped up the bank during the last financial crisis at the expense of small businesses. 

A London judge's recent decision allowed real estate developer Oliver Morley to add allegations that RBS gave in to demands from the government's Asset Protection Agency to deny the developer's efforts to refinance. The move paved the way for the release of emails providing a fresh vantage into a scandal that has dogged the bank for years over its Global Restructuring Group, a controversial turnaround unit accused of wrecking small...

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