UK Watchdog Takes No Action Against RBS Over Small Business Unit

UK Watchdog Takes No Action Against RBS Over Small Business Unit
Royal Bank of Scotland signs are seen at a branch of the bank, in London, Britain December 1, 2017. Reuters/Peter Nicholls/File Photo
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LONDON—Britain’s markets watchdog said it will take no enforcement action against Royal Bank of Scotland over alleged mistreatment of its small business customers in the wake of the financial crisis.

Some firms have said they were pushed into bankruptcy and that RBS’s Global Restructuring Group (GRG) unit stripped their assets between 2008 and 2013.