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Bank charges: Cable calls for RBS prosecution decision

Business secretary Vince Cable is calling on Scottish lawyers to come to a decision on whether or not to prosecute ex directors at the Royal Bank of Scotland (RBS).

Mr Cable said that a decision needs to be reached soon so that public confidence can be restored as he explained "public and media interest in the banking sector and RBS have not dissipated".

The investigation was started by the Scottish Crown Office in 2012 following public concern issues over the practices within the banking sector.

Additionally, the now defunct regulator, the Financial Services Authority (FSA) had released a report detailing that the then chief executive officer, Fred Goodwin, had poor relations with them and that his management held the potential for risk.

He was CEO when the bank had to be bailed out during the financial crisis of 2008. It is still over 80 per cent owned by the taxpayer.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801579929-ADNFCR

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