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Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
Royal Bank of Scotland Accused of Fraud and Forgery
Financialish.com is unsure if the following article is simply ‘sour grapes’ from an ex-employee who now seeks ‘whistleblower’ status.
Royal Bank of Scotland has been accused of fraud and forgery by an ex-employee and former customers. Mark Wright, who worked at NatWest and remained there after it was taken over by RBS, told the BBC that 2 of his colleagues at RBS had fabricated complaints and alleged they were from 5 of his customers. Wright's 5 customers later gave statements contradicting the fake complaints, and the accused staff left the bank.
According to Wright, RBS failed to properly investigate the complaints, and did not afford him whistle-blower status.
A spokesperson for the bank told the BBC that Wright's concerns had been thoroughly investigated and responded to, and denied that any systematic document tampering had gone on at the bank.
Meanwhile, the BBC also reported a number of former RBS customers have alleged that the bank forged documents relating to transactions and loan agreements. The bank denied these allegations, as well.