If we were to tell you that you are a shareholder in a British bank you might be surprised. If we were to mention that that bank has been consistently running at a loss for a decade you may begin to worry about your investment. If we then said the organisation you’re invested in is accused of asset stripping compromised businesses to make a quick buck you probably wouldn’t believe us. Joining us to discuss RBS’ recent return to profit and whether it is now going to repay the British taxpayers is businessman, RBS victim and former CEO of Torex Retail PLC, Neil Mitchell.
Since the financial crisis, apart from a few tokenistic traders, the UK authorities have been absolutely toothless when it comes to prosecuting bankers who have broken the law. But is this just incompetence, or is our regulatory system designed in a way that means that victims fall through the gaps, while banks are permitted to operate above the law? Get a sneak-preview of our upcoming episode on white-collar crime featuring former Met Detective, Andy Keats, and researcher and campaigner Joel Benjamin.