Bank attempts to settle tall-profile lawsuit in which former chief executive Fred Goodwin would give evidence• RBS crisis: how did the bank acquire to here?Royal Bank of Scotland is racing to avert a tall-profile court case by offering £200m in compensation to thousands of investors who claim they were misled into buying the bank’s shares in the run-up to its taxpayer bailout. Round-the-clock discussions are under way to reach a deal that would prevent the case being heard in London’s tall court and release Fred Goodwin,thecontroversial former RBS boss, from having to give evidence next month. Related: Royal Bank of Scotland: a timeline of events Continue reading...
Source: theguardian.com