RBS facing £400m bill to compensate small business customers

Bank apologises for poor treatment during financial crisis and will automatically refund fees

Royal Bank of Scotland has apologised to 12,000 small business customers after admitting it faced a £400m bill to compensate them for poor treatment during the banking crisis.

After at least three years of complaining of bad service from the bailed-out bank, small businesses will automatically receive refunds of the fees charged and allowed to make fresh complaints about their treatment between 2008 and 2013.

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Source: Guardian