Business secretary Vince Cable applies pressure to the Scottish authorities to produce a decision on whether to prosecute former directors of Royal Bank of Scotland in charge at the time of the bailout, including Fred Goodwin.
The matter was referred to Scotland’s Crown Office in January last year.
Mr Cable wrote a letter to Lord Wallace, advocate director for Scotland, saying he was very keen for a decision to be reached as quickly as possible to “maintain public confidence”.
He added, “I want to be clear that I am not seeking to influence the outcome of this process. However, public and media interest in the banking sector and RBS have not dissipated.”
“Public and media interest in the banking sector and RBS have not dissipated”
Business quote of the day.