Cerberus Capital Management: Purchase of Distressed Assets

Part of the debate – in Westminster Hall at 5:10 pm on 22nd February 2017.

Alert me about debates like this

Photo of Patrick Grady Patrick Grady Shadow SNP Spokesperson (International Development) 5:10 pm, 22nd February 2017

I have a constituent who was affected by the behaviour of the Royal Bank of Scotland’s global restructuring group. Does my hon. Friend agree that there is a huge lack of trust in such major institutions, particularly RBS, which is largely owned by the public purse? It falls to the Government to get a grip on the situation and take the necessary actions that my hon. Friend George Kerevan outlined, so that public confidence can be restored and some of the businesses affected can have some hope of restitution.