The U.K.’s Financial Services Authority refused to release questions it asked former Royal Bank of Scotland Group Plc Chief Executive Officer Fred Goodwin, regarding the bank’s near collapse, saying it’s his own personal information and may deter others from cooperating.
Five years after giving Royal Bank of Scotland Group Plc a record banking bailout, the British government is making it harder to recoup its money by sowing confusion over the firm’s structure and future profitability.
Former Royal Bank of Scotland Group Plc Chief Executive Officer Fred Goodwin obtained a “super- injunction” that prevents the media from identifying him as a banker, according to a U.K. lawmaker who called for a review of the country’s media laws.
Royal Bank of Scotland Group Plc may face additional lawsuits from units of Legal & General Group Plc, Prudential Plc and Standard Life Plc over a 2008 share offering before its bailout by the U.K. government.
By Thursday lunchtime in London, the 18,900 employees in Royal Bank of Scotland Group Plc’s investment banking division will know whether they still have jobs at Britain’s biggest government-owned lender.
Royal Bank of Scotland Group Plc director Joseph Machale will step down, becoming the final board member appointed under former Chief Executive Officer Fred Goodwin to depart, according to person briefed on the move.