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Did banks kill small firms?
RBS facing investigation into asset-grab scam

Royal Bank of Scotland is facing investigation by City watchdogs over claims it drove small businesses to the wall in order to seize their assets for profit.

Business Secretary Vince Cable confirmed yesterday he had referred RBS to the Financial Conduct Authority and Prudential Regulation Authority over the explosive accusations.

In a report to be released today government adviser Lawrence Tomlinson says he has uncovered a dossier of evidence alleging that RBS drove firms to collapse so it could buy back their assets at rock-bottom prices.

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