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Royal Bank of Scotland has been accused of pursuing “unrealistic” business lending targets that risk incentivising reckless lending. The taxpayer-owned bank, which is under intense political pressure to boost support to the economy, has set strict targets for small and medium-sized enterprise lending to its around 800 lending managers, who are each expected to lend close to £2m a year. - Sunday Telegraph.
Weakness in the energy patch weighed on the entire commodities complex at the end of the week amid forecasts that hurricane Nate was unlikely to go beyond a category one storm.
