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Posted: 08 May 2016 11:18 AM PDT There weren't many large cap M&A scoops in the Sunday business sections this weekend but I guess that's to be expected in the run up to the Brexit referendum. One tale, though, that did catch my eye was about Royal Bank of Scotland facing a £400 million claim in The Sunday Telegraph. Here is the link: http://www.telegraph.co.uk/business/2016/05/07/rbs-faces-400m-claim-it-bullied-and-ripped-off-property-company/ My court mole reckons the £400 million claim by property developer Stuart Wall against RBS is the largest Libor-connected claim ever launched against a UK bank. And intriguingly The Sunday Telegraph story follows some fruity skirmishes down the commercial courts last week, according to court moles. Indeed, readers following these never-ending bank rows should keep an eye on the British newspapers this week as there could be some explosive new stories emerging around who knew what at the banks during the Libor fixing scandal... |
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