Royal Bank of Scotland is close to agreeing a settlement with Enron
shareholders after being accused of helping the collapsed US energy giant
conceal its accounting fraud.
According to the Daily Telegraph, RBS will shortly close a
multi-million pound civil action by paying out around £100m although executives
close to the bank were reported as saying it could be double this amount.
RBS, Britain’s second biggest bank, operates in the US through its retail
arm, Citizens Bank, which has more than 1,600 branches and generates income of
Citizens Bank accounts for more than 10% of RBS’s turnover.
An announcement of the settlement could accompany the bank’s interim results
on 4 August, the paper said.
Leonard Curtis Business Solutions Group has opened a new office in Glasgow – the first Scottish office for the professional services provider
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal