Cerberus Capital Management: Purchase of Distressed Assets

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

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Photo of Roger Mullin Roger Mullin Shadow SNP Spokesperson (Treasury) 5:10 pm, 22nd February 2017

I agree wholeheartedly. Indeed, in a debate on a related issue last week, I raised the fact that many people and small businesses will find it extraordinary that banks such as RBS have no duty of care towards the customers they deal directly with. Given all the tales of misery caused either by the banks directly or by Cerberus, surely we need to ensure that there is proper regulation and a proper duty of care towards those who suffer at the hands of such institutions.