Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

RBS Chairman Says Bank’s Directors Failed Duty, Guardian Says

Royal Bank of Scotland Group Plc Chairman Philip Hampton said former directors failed in their fiduciary duty by not scrutinizing the bank’s purchase of ABN Amro Holding NV, the Guardian reported, citing a U.S. embassy cable published by WikiLeaks.

RBS made a number of “enormous” mistakes during the credit crisis, including adding to its exposure to the U.S. subprime mortgage market and failing to carry out adequate due diligence when it acquired the Dutch lender, the cable, dated Sept. 11, 2009, cited Hampton as telling a group of U.S. politicians at a private meeting, according to the Guardian.

Linda Harper, a spokeswoman for RBS, declined to comment on the report.

Gavin Finch in London at +44-20-7073-3627 or

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.