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RBS Profited From Struggling Small Businesses: Government Advisor

Part-nationalised British lender Royal Bank of Scotland has been accused by a government advisor of pushing struggling small firms into its turnaround unit so it can charge higher fees and take control of their assets. The allegations prompted Britain's business secretary Vince Cable to demand an "urgent response" from Britain's financial regulators and from RBS, 82 percent owned by taxpayers following a government rescue during the 2008 financial crisis.

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