Friday, 19 January 2018

Santander boss Nathan Bostock named in RBS scandal

The boss of one of the UK's biggest banks has been named in Parliament as being responsible for RBS's scandal-hit Global Restructuring Group (GRG).

Nathan Bostock, who is now head of Santander UK, was named by the Liberal Democrat leader Sir Vince Cable.

Mr Bostock was one of those responsible for GRG when it engaged in an intentional strategy that resulted in mistreatment of business customers, Sir Vince said.

Santander declined to comment.

Mr Bostock's name came up in a wide-ranging debate where MPs across all parties attacked regulators and senior bankers for failing to offer victims adequate redress.

BBC      News.

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