Bailed-out RBS spends millions on Washington lobbyists The Royal Bank of Scotland has spent more than $4m (£2.5m) of British taxpayers’ money on lobbyists in Washington since it was bailed out by the government, documents disclose. Both in-house and commercial lobbyists have been paid to influence American senators and congressmen reforming US finance law since the bank’s collapse and government bailout in October 2008. The money has been handed over despite calls from ministers for RBS and other banks that have received taxpayers’ handouts to refrain from hiring public affairs firms. Read more

Bailed-out RBS spends millions on Washington lobbyists

The Royal Bank of Scotland has spent more than $4m (£2.5m) of British taxpayers’ money on lobbyists in Washington since it was bailed out by the government, documents disclose.

Both in-house and commercial lobbyists have been paid to influence American senators and congressmen reforming US finance law since the bank’s collapse and government bailout in October 2008.

The money has been handed over despite calls from ministers for RBS and other banks that have received taxpayers’ handouts to refrain from hiring public affairs firms.

Read more

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