Powered by
MOMENTUM
MEDIA
Lawyers for the former chairman and chief executive of the Royal Bank of Scotland were busy editing and rephrasing qualified apologies for the plight of the bank last Tuesday, the Financial Times reports
LAWYERS for the former chairman and chief executive of the Royal Bank of Scotland were busy editing and rephrasing qualified apologies for the plight of the bank last Tuesday.
The knighted pair were warned that admitting to specific mistakes over governance of risk management could be “an invitation to litigants”.
After much legal intervention, the apologies left most members of the select committee unimpressed, in part thanks to the “touch of arrogance” when the bankers “apologised for the problems but did not apologise for their part in the problems”.
Login
