Britain cites role in RBS failure
Loose controls, along with poor management, hurt bank, officials say
Britain’s financial regulator said yesterday that it was partly to blame for the failure of Royal Bank of Scotland, and it proposed new preventive measures, including holding bank executives more accountable for bad decisions. The proposals are part of a report by the Financial Services Authority into the failure of RBS, the large British lender that was bailed out by the government in 2008 and remains under government control.
For more from BostonGlobe.com, sign up or log in below
To continue, please sign up or log in to BostonGlobe.com
Access the full articles and quality reporting of The Boston Globe at BostonGlobe.com
Sign up
Unlimited Access to BostonGlobe.com for 4 weeks for only 99¢.
Are you a Boston Globe home delivery subscriber?
Get FREE access as part of your print subscription.
BostonGlobe.com subscriber
Click to continue reading this article or to log in to BostonGlobe.com.
