Royal Bank of Scotland is aiming to wind down the remainder of about £1bn in controversial bank loans held by local authorities across the country, after criticisms that high payments have diverted cash from council services. (The Guardian)

Common Space has reported on City of Edinburgh Council utilisation of the ‘statutory override’, which is a legal mechanism to waive compliance with international accounting standards. Statutory overrides are used in councils Lobo loans with RBS, which due to changes in international accounting...

Paul Rogerson express his distain at the banking lobby striving to thwart the establishment of a Financial services tribunal for SMEs ill-treated by their lenders. At WRM we believe the only way forward when dealing with banking abuses is an independent tribunal. Law Gazette

Kevin McKenna of the Guardian reports on John Guidi, bankrupted by mis-sold loans, who today starts a hunger strike outside the Clydesdale Bank’s headquarters The Guardian