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Local authorities urged to join RBS class action

17 March 2009, 2:47 pm

Shareholders and pension funds mull legal action against Lloyd’s Banking Group and other banks to recoup investment losses.

Local authorities with investments in RBS have been urged to join a class action suit against the disgraced bank.

Councils in Merseyside and North Yorkshire have reportedly joined forces to file a class action law suit against RBS alleging that the bank misled investors about its financial position.

Nathan Skinner


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